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Blockstream Capital to Acquire Hedge Fund Corbiere, Expanding Multi-Strategy Investing

CoinDesk
Crypto investment firm Blockstream Capital Partners plans to acquire Jersey-based hedge fund Corbiere Capital Management.

Summary

Crypto investment firm Blockstream Capital Partners (BCP) announced its plan to acquire Corbiere Capital Management, a Jersey-based equities hedge fund founded by Rodrigo Rodriguez in 2023. The acquisition, for which financial details were not disclosed, aims to integrate Corbiere’s equity and event-driven strategies into BCP's asset management arm, creating a multi-strategy platform targeting institutional investors. This platform will offer diversified portfolios combining traditional securities with bitcoin-referenced exposures. Following the deal, Rodriguez, who has extensive experience from roles at JPMorgan and Credit Suisse, will become the Chief Investment Officer of Blockstream Capital Management, a new entity within BCP. BCP's managing partner, PeterPaul Pardi, stated the move aligns with their mission to build a leading global institutional bitcoin-referenced investment platform by adding experienced teams with complementary expertise. Komainu will provide custody and related support for the combined entity.

(Source:CoinDesk)