ACTIVELY MANAGED CRYPTO INVESTMENTS YOU INVEST, WE CARE - JANUARY 2021 - FICAS
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Disclaimer FiCAS AG is a company incorporated according to Swiss law with a legal seat in Zug, Switzerland. FiCAS AG is a Swiss financial intermediary with a specific focus on crypto-assets. FiCAS AG is subject to the rules set out by the Swiss self-regulation organisation “VQF”. This presentation is provided for information purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any securities or other financial instruments. The opinions expressed in this brochure do not constitute investment advice. Any such offer would be made only after a prospective participant had completed its independent investigation of the securities, instruments or transactions and received all information required to make its investment decision. Although the information provided in this presentation, including links to third party sites, is obtained or compiled from sources that FiCAS believes to be reliable, FiCAS cannot and does not guarantee the accuracy, adequacy, completeness or validity of the information and materials contained in these pages. The financial products discussed in this presentation may not be suitable for all investors. In no event shall FiCAS be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained herein and such information may not be relied upon by any party in evaluating the merits of participating in any transaction mentioned herein. FiCAS makes no representation as to the legal, tax, credit, or accounting treatment of any transactions mentioned herein, or any other effects such transactions may have on you and your affiliates or any other parties to such transactions and their respective affiliates to enter into any transaction. The performance shown is for information only and is not necessarily indicative of future performance. All information and opinions expressed in this brochure are current as of production and are subject to change without notice. FiCAS does not undertake any obligation to update such information or opinions. FiCAS is not liable for any loss arising from the inaccuracy of the said information and materials in this presentation. Copyright (c) FiCAS AG, Zug, Switzerland - All Rights Reserved. Confidential 2 FiCAS.com
In a Nutshell FiCAS OFFERS INVESTORS DIVERSIFICATION IN THE CRYPTO-ASSET CLASS FiCAS` PRODUCT IS UNIQUE • Easily accessible through banks and brokers; highly liquid (no lock-up), • 24/7 risk managed and available across Europe to all investors, • Based on solid infrastructure (banks / SIX) and institutional-grade risk management. THE INVESTMENT STRATEGY IS UNIQUE • Discretionary, with no leverage; trading bitcoin against fiat and top altcoins (relative value) • Based on technical and fundamental analyses & proprietary algorithms, developed over 5 years, • Proven historical performance, audited over 4 years. Based on a dynamic Market House View. ALI MIZANI, FOUNDER OF FICAS AG, HAS OFFERED THE INVESTMENT STRATEGY • Through a private fund from Oct 2015 to Jan 2018, outperforming BTC by over 100% during a period when the price of BTC went from USD 300 to USD 18’500, • Through FiCAS AG, since 15 Jul 2020 with the world-first actively-managed ETP. Confidential 3 FiCAS.com
The Cryptocurrencies Investment Case MACRO TRENDS AND ECONOMIC RESEARCH SUPPORT THE CASE Numerous economic research papers consistently show that adding bitcoin to portfolios enhances the cumulative and risk-adjusted returns (e.g. Bitwise’s Case for Bitcoin in an Institutional Portfolio (May 2020)) From 2018 to 2019 the crypto hedge fund industry experienced 100% growth of AuM (Crypto Hedge Funds Report, PWC, 2020) and Forbes predicts (January 2020) increased adoption of cryptocurrencies by institutional investors Boston Consulting Group Asset Management 2019 Report anticipates the success of Alpha asset investment boutiques and the continuation of strong performance of Alternative asset classes Confidential 4 FiCAS.com
15 FiCAS Active Crypto ETP ISIN: CH0548689600 Issue Date: 15 July 2020 Valor: 54868960 Issue Price: 100 CHF Ticker: BTCA Maturity: Open Ended Listing SIX Swiss Exchange Strategy: Discretionary Currency: CHF Domicile: Switzerland Mgt Fee: 2% p.a. Underlying: Top 15 digital assets Perf. Fee: 20% above HWM (absolute) Legal form: Exchange Traded Product Issuer: Bitcoin Capital AG Asset Mgr: FiCAS AG Admin: CAIAC Fund Management AG Custodians: Six, for risk mgt reasons Confidential 5 FiCAS.com
Key Features THE WORLD’S FIRST DISCRETIONARY MANAGED CRYPTOCURRENCIES ETP Actively Managed In contrast to the crypto currency-based ETP issued so far, that track passively a crypto underlying, the 15 FiCAS Active Crypto ETP manages first time the crypto underlyings in a discretionary way. Accessibility Listed on SIX Swiss Exchange; easily tradable through banks and brokers and accessible for retail, professional and institutional investors in Switzerland, Liechtenstein and the European Union. Highly liquid due to the possibility to create and redeem the securities at any time and in any quantity Liquidity for the given Net Asset Value. Managed Issuer Risk Collateral agent sells the securities and reimburses the investors in case of default of the issuer. Unique and Proven The trading strategy pursued by FiCAS´ founder, Ali Mizani, out-performed bitcoin by over 100% during Trading Strategy 2015-18, when bitcoin price moved from USD 300 to USD 18’500. Audited by a big four. Over 300 cumulative years of experience in traditional finance and over 100 in cryptofinance. Team Expertise 17-person strong analysis and trading team (7-year experience). Confidential 6 FiCAS.com
What Professionals Said TESTIMONIALS AT THE LAUNCH OF FiCAS` ETP Alain Picard, Head Trading, Sales & Management, Securities & Exchanges, SIX Swiss Exchange "The Bitcoin Capital Active ETP is the first in its class and expands the existing ETP universe by offering access to an actively-managed crypto product" Mark Dambacher, CEO at InCore Bank AG “The Bitcoin Capital Active ETP is a worldwide novelty. I like the fact that investors now have access to an actively managed cryptocurrency exchange traded product that bridges the worlds of traditional and crypto finance” Guido Bühler, CEO at SEBA Bank AG “Managing cryptocurrency investments actively requires in-depth trading and analytical experience. FiCAS offers that – and that is quite exciting” Daniela Rosa, Head of DLT Clients Desk at Zarattini & Co Bank “FiCAS was founded on solid principles and a remarkable track record. I believe their discretionary managed ETP has the potential to bring the still novice cryptocurrency asset class to the next level” Confidential 7 FiCAS.com
Investment Philosophy RELATIVE VALUE STRATEGY Trading Objective FiCAS trades the top 15 digital assets by market cap and USD with the purpose of increasing the Net Asset Value of its ETP. Trading Approach Trading Bitcoin against carefully selected altcoins Moving to Fiat if it is deemed the best option Reference Basket Top 15 digital assets according to Coinmarketcap / SIX Swiss Exchange Dynamic allocation between Bitcoin and altcoins Dynamic allocation between Ethereum & other altcoins Confidential 9 FiCAS.com
Risk Management POSITION RISK Liquidity-adjusted positions Stop loss and conservative targets Top 15 coins and Fiat No ICO / STO INFRASTRUCTURE RISK Time-limited exposure to exchanges Diversified pool of custodians TRADITIONAL OPERATIONAL AND MARKET RISKS Proactive identification, assessment, evaluation, monitoring & control of risks Confidential 10 FiCAS.com
Governance and Market Research TRADITIONAL FRAMEWORK ADAPTED TO CRYPTO MARKETS; UNRIVALLED EXPERTISE Policy framework at FiCAS Business regulations, Investment policy, Control framework, Code of conduct Compliance & risk management, Market conduct, Cross border, Employees transaction and Remuneration policies Crypto market analysis and research at Citex Ltd (exclusive SLA) Team of over a dozen analysts Fundamental analysis; technical analysis Single coins; sector coins; macro factors Proprietary algorithms / AI FiCAS’ Market House View Confidential 11 FiCAS.com
Market House View BIG PICTURE Digitalization is an unstoppable technological (r)evolution. Cryptofinance and cryptoassets are major expressions of the digital (r)evolution. DYNAMIC MARKET HOUSE VIEW FOR EACH TRADEABLE CRYPTOCURRENCIES Bitcoin Cardano Tezos EOS Ethereum Stellar Binance Coin Ripple Litecoin Tron Neo Bitcoin Cash Confidential 12 FiCAS.com
Historical Performance of Underlying Strategy INDEPENDENTLY AUDITED BY A BIG FOUR 30 Oct 2015 - 31 Jan 2018 The personal trading record of FiCAS´ founder, Ali Mizani Oskui, has been audited by one of the Big Four auditing firm (limited review) Confidential 13 FiCAS.com
ETP Performance (as of Jan 2021) 2020: IMPLEMENTATION OF UNIQUE ETP 2020 was a remarkable year for FiCAS during which we finished the project phase and launched our innovative ETP. Trading was prudent during the first six months while the Net Asset Value (NAV) increased by 67.34%. 2021 the company will continue the expansion of its reference markets (EU) and its capabilities. Confidential 14 FiCAS.com
Organisational Chart Positions & Headcount 4 BoD 3 3 Investment Committee Risk Committee 1 2 Administration Communication 2 2 3 2 2 2 2 1 Business CIO CFO Trading Sales Products Advisory Outsourced Services Development 2 2 Market Research 17 Marketing Support IT Support & Analysis Confidential 15 FiCAS.com
Key Executives Dr. Mattia Rattaggi Ali Mizani Oskui Dr. Daniel Diemers Dr. Luca Schenk Chairman of FiCAS AG Founder & BoD FiCAS AG Risk Committee & BoD FiCAS AG BoD Bitcoin Capital AG Olga Vögeli Rolf Schmied Urs Wieland Marcel Niederberger Executive Management & Risk Controls Chairman BoD Bitcoin Capital AG Head of Operations of FiCAS AG CFO of FiCAS AG of FiCAS AG Member BoD Bitcoin Capital AG Hadi Nemati Abbas Ashtiani Darko Novakovic Head of Research Outsourced Services Head of Marketing and Confidential 16 Communications of FiCAS AG FiCAS.com
Expertise and Governance Structure IN A LEAGUE OF OUR OWN Governance structure BoDs with two independent directors (FiCAS AG and Bitcoin Capital AG) BoD-level investment and risk committees (FiCAS AG) 17-person strong research team (Outsourced) Team Experience (Cumulative years) International finance 143 Cryptocurrencies investment management 39 Traditional investment management 54 Cryptofinance regulation and risk 29 management Regulation and risk management 126 Blockchain and DLT technologies 46 Confidential 17 FiCAS.com
FiCAS`ETP vs. Crypto Hedge Funds PWC CRYPTO HEDGE FUND REPORT 2020 FiCAS ETP: A CLASS IN ITSELF Median AuM at launch: USD 2m Founders’ seed funding CHF 2m Not for retail investors For retail, professional and institutional investors Fee “2% / 20%” Fee “2% / 20%” Hard or soft lock in most of the cases No lock Trade derivatives in most cases No derivatives Independent custodian not a rule Six independent custodians Only a minority has 1 independent director Two independent directors Only a minority uses third party research Fully fledged & experiences third party research Domicile: Islands, US or UK Domicile: Switzerland Confidential 18 FiCAS.com
Business Partners Confidential 19 FiCAS.com
History of Accurate Market Forecasts Prediction sources: A: Telegram , B: TV interview IRIP CH% , C & E: Interview on “Top Market Group” on 11 April 2019 , D: Prediction C + Correction on 22 Oct 2020 Confidential 20 FiCAS.com
Contact Us Phone: + 41 41 720 40 06 Headquarters: Email: Gubelstrasse 24 info@ficas.com 6300 Zug Switzerland Website: www.ficas.com Confidential 21 FiCAS.com
Actively Managed Crypto Investments You Invest, We Care. January 2021
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