Crypto investment firm Blockstream Capital Partners (BCP) plans to acquire Corbiere Capital Management, a Jersey-based equity hedge fund founded by Rodrigo Rodriguez in 2023, the company announced in a press release on Thursday.
Financial details of the acquisition were not disclosed.
BCP said the Corbiere deal would add equity and events strategies to its existing Bitcoin-related products, creating a multi-strategy platform aimed at institutional investors.
The company said the combination is designed to enable more diversified portfolios combining traditional securities with Bitcoin-referenced exposures.
Rodriguez will become chief investment officer of Blockstream Capital Management, a new asset management entity within BCP.
He has more than 25 years of experience in equity and events strategies, including at JPMorgan (JPM), Credit Suisse and BlueCrest, where he served as CIO of its events portfolio.
Corbiere’s team focuses on global equity markets, corporate actions and tactical trading.
Komainu, a digital asset custodian in which BCP is an investor, will provide custody, trade connectivity, collateral management and associated corporate support through its Komainu Connect platform.
“Acquiring experienced investment teams with specific complementary expertise in alpha-focused investment strategies is core to our mission of building the leading global institutional investment platform benchmarked by Bitcoin,” PeterPaul Pardi, Managing Partner of Blockstream Capital Partners, said in the release.
“Increased activity around Bitcoin treasury companies, and listed companies holding Bitcoin as an asset on their balance sheet, makes it essential to understand how this translates to stock price and volatility,” Rodriguez said in the release.
BCP is affiliated with Blockstream CEO Adam Back and invests across asset classes, including venture capital, private and public equity, credit, real estate and insurance, with a focus on Bitcoin-related infrastructure and financial products.
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