Key Takeaways
- • Hilbert Group AB (Nasdaq First North: HILB B) announced that its Hilbert Basis+ Fund, managed by Hilbert Capital, has allocated 5% of BTC AUM to Enigma Stat Arb, a lower-volatility, bitcoin-denominated variant of the statistical arbitrage routine from the trading platform Hilbert acquired earlier in 2026.
- • The strategy runs market-neutral pairs-style positioning: for every coin bought, it takes an offsetting position of equal size, seeking to earn from the performance gap between stronger and weaker coins, fully systematically and around the clock.
- • The allocation is the third step in Enigma's integration into the Group, following Enigma trading Hilbert's own capital and the launch of Enigma One on Syntetika for professional investors.
- • Hilbert states the migration into a regulated fund structure, under its governance, custody and reporting framework, was completed in-house without disrupting live trading, delivering on a plan set out in its Q2 2026 report.
- • CIO Russell Thompson said Enigma was run on Hilbert's own capital before any allocation to Basis+, and that the same engine can run strategies denominated in other tokens.
Summary
Hilbert Group AB (Nasdaq First North: HILB B) has allocated 5% of bitcoin assets under management in its Hilbert Basis+ Fund to Enigma Stat Arb, according to the company's announcement. The fund is managed by Hilbert Capital. Enigma Stat Arb is described as the lower-volatility, bitcoin-denominated variation of the statistical arbitrage routine from the trading platform Hilbert acquired earlier in 2026. It joins the other routines that make up Basis+.
The strategy adds a further source of return to the fund. For each coin purchased, it takes an offsetting position of equal size and aims to profit from the gap between stronger and weaker coins. The strategy is fully systematic and trades around the clock.
Hilbert describes the integration as technically demanding. Enigma runs eleven strategies continuously across spot, futures and options, with execution, risk management, data pipelines and exchange infrastructure built to prop-desk standards. Hilbert says it migrated this capability into a regulated fund structure under its own governance, custody and reporting framework without disrupting live trading, and did the work in-house.
The allocation is the next stage in Enigma's integration into the Group. Enigma first traded Hilbert's own capital, then opened a version of its strategy to professional investors through Enigma One on Syntetika, a platform Hilbert backs. Basis+ is the third step, which the company says follows a plan set out in its Q2 2026 report.
CIO Russell Thompson said stat arb is among the strategies investors ask about most, and that Enigma was tested on Hilbert's own capital and must sit within the firm's risk management before entering Basis+. Thompson added that the Enigma acquisition was intended to create a pipeline of investment solutions, with Enigma One the first product, and that the same engine could run strategies denominated in other tokens.
Hilbert Group is a Swedish public company listed on Nasdaq First North Growth Market, with Redeye Nordic Growth AB as Certified Adviser. Barnali Biswal is listed as CEO. The release does not disclose the fund's total AUM or performance figures.
The strategy adds a further source of return to the fund. For each coin purchased, it takes an offsetting position of equal size and aims to profit from the gap between stronger and weaker coins. The strategy is fully systematic and trades around the clock.
Hilbert describes the integration as technically demanding. Enigma runs eleven strategies continuously across spot, futures and options, with execution, risk management, data pipelines and exchange infrastructure built to prop-desk standards. Hilbert says it migrated this capability into a regulated fund structure under its own governance, custody and reporting framework without disrupting live trading, and did the work in-house.
The allocation is the next stage in Enigma's integration into the Group. Enigma first traded Hilbert's own capital, then opened a version of its strategy to professional investors through Enigma One on Syntetika, a platform Hilbert backs. Basis+ is the third step, which the company says follows a plan set out in its Q2 2026 report.
CIO Russell Thompson said stat arb is among the strategies investors ask about most, and that Enigma was tested on Hilbert's own capital and must sit within the firm's risk management before entering Basis+. Thompson added that the Enigma acquisition was intended to create a pipeline of investment solutions, with Enigma One the first product, and that the same engine could run strategies denominated in other tokens.
Hilbert Group is a Swedish public company listed on Nasdaq First North Growth Market, with Redeye Nordic Growth AB as Certified Adviser. Barnali Biswal is listed as CEO. The release does not disclose the fund's total AUM or performance figures.
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