actively managed crypto investments you invest, we care
TRANSCRIPT
Actively Managed Crypto Investments
You Invest, We Care.
March 2021
FiCAS.comConfidential
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.
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In a Nutshell
FiCAS OFFERS INVESTORS DIVERSIFICATION IN THE CRYPTO-ASSET CLASS THROUGH…
…A UNIQUE INVESTMENT STRATEGY
• Trading bitcoin, top altcoins and CHF, EUR and USD in a discretionary way, with no leverage.
• Based on technical and fundamental analyses, proprietary algorithms and house view.
• Developed over 7 years, audited over 4 years, has yielding exceptional returns.
…A UNIQUE PRODUCT
• Listed on SIX Swiss Exchange; custodied at Swiss banks, easily accessible through banks/brokers.
• Available in the EU and Switzerland to all investors; actively managed 24/7.
• Highly liquid, no lock-up, no issuer risk; world-first actively-managed Exchange-traded Product.
… AN INSTITUTIONAL-GRADE COMPANY
• Best practice governance set-up; use of six independent crypto asset custodians; Swiss-based.
• A team featuring over 100 cumulative years in crypto finance and over 300 in traditional finance.FiCAS.com3
FiCAS.comConfidential
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 the strong performance of Alternative
asset classes
The Cryptocurrencies Investment Case
MACRO TRENDS AND ECONOMIC RESEARCH SUPPORT THE CASE
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FiCAS.comConfidential
15 FiCAS Active Crypto ETP
ISIN: CH0548689600
Valor: 54868960
Ticker: BTCA
Listing SIX Swiss Exchange
Currency: CHF, USD, EUR
Mgt Fee: 2% p.a.
Perf. Fee: 20% above HWM (absolute)
Issuer: Bitcoin Capital AG
Admin: CAIAC Fund Management AG
Issue Date: 15 July 2020
Issue Price: CHF 100
Maturity: Open Ended
Strategy: Discretionary
Domicile: Switzerland
Underlying: Top 15 digital assets
Legal form: Exchange Traded Product
Asset Mgr: FiCAS AG
Custodians: Six, for risk mgt reasons
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FiCAS.comConfidential
Key Features
The collateral agent sells the securities and reimburses the investors in case of default of the issuer.
The trading strategy pursued by FiCAS´s founder, Ali Mizani, out-performed bitcoin by over 100% during 2015-18, when bitcoin price moved from USD 300 to USD 18’500. Audited by a big four.
In contrast to the crypto currency-based ETP issued so far, which tracks passively a crypto underlying, the 15 FiCAS Active Crypto ETP manages first time the crypto underlyings in a discretionary way.
Over 300 cumulative years of experience in traditional finance and over 100 in crypto finance. 17-person strong analysis and trading team (7-year experience).
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.
THE WORLD’S FIRST DISCRETIONARY MANAGED CRYPTOCURRENCIES ETP
Actively Managed
Managed Issuer Risk
Unique and ProvenTrading Strategy
Team Expertise
Accessibility
LiquidityHighly liquid due to the possibility to create and redeem the securities at any time and in any quantity for the given Net Asset Value.
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FiCAS.comConfidential
What Professionals Said
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”
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"
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”
TESTIMONIALS AT THE LAUNCH OF FiCAS` ETP
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FiCAS in the News
….and 150 other global media outlets
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FiCAS.comConfidential
Investment Philosophy
Trading Objective
FiCAS trades the top 15 digital assets by market cap and EUR, CHF, 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
RELATIVE VALUE STRATEGY
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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
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Governance and Market Research
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
TRADITIONAL FRAMEWORK ADAPTED TO CRYPTO MARKETS; UNRIVALLED EXPERTISE
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FiCAS.comConfidential
Bitcoin Cardano Tezos EOS
Ethereum Stellar Binance Coin Ripple
Litecoin Tron Neo Bitcoin Cash
Market House View
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BIG PICTURE
DYNAMIC MARKET HOUSE VIEW FOR EACH TRADEABLE CRYPTOCURRENCIES
Digitalization is an unstoppable technological (r)evolution.
Cryptofinance and cryptoassets are major expressions of the digital (r)evolution.
FiCAS.comConfidential
Historical Performance of Underlying Strategy
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)
INDEPENDENTLY AUDITED
BY A BIG FOUR
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FiCAS.comConfidential
ETP Performance (as of Feb 2021)
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2020: IMPLEMENTATION OF UNIQUE ETP
2020 was a remarkable year for FiCAS during
which we finished the project phase and launched
our innovative ETP.
Net Asset Value (NAV) increased by 145% and
asset under management reached USD 10 Mio.
2021 the company will continue the expansion of
its reference markets (EU) and its capabilities.
FiCAS.comConfidential
Organisational Chart
BoD
Investment Committee Risk Committee
CIO CFO Trading Products
Marketing Support IT Support
Sales
Communication
Market Research& Analysis
Outsourced Services
Administration
AdvisoryBusiness
Development
Positions & Headcount 4
3 3
1 2
2 2 3 2 2 2 2 1
2 2 17
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FiCAS.comConfidential
Key Executives
Dr. Mattia RattaggiChairman of FiCAS AG
Ali Mizani OskuiFounder & BoD FiCAS AG
Dr. Luca SchenkBoD Bitcoin Capital AG
Urs WielandChairman BoD Bitcoin Capital AG
Rolf SchmiedCFO of FiCAS AG
Marcel NiederbergerHead of Operations of FiCAS AGMember BoD Bitcoin Capital AG
Olga VögeliExecutive Management & Risk Controls
of FiCAS AG
Hadi NematiHead of Research
Abbas AshtianiOutsourced Services
Dr. Daniel DiemersRisk Committee & BoD FiCAS AG
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Darko NovakovicHead of Marketing and
Communications of FiCAS AG
FiCAS.comConfidential
Expertise and Governance Structure
IN A LEAGUE OF OUR OWN
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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
management29
Regulation and risk management 126 Blockchain and DLT technologies 46
FiCAS.comConfidential
FiCAS`ETP vs. Crypto Hedge Funds
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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
FiCAS.comConfidential
Business Partners
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FiCAS.comConfidential
History of Accurate Market Forecasts
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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
FiCAS.comConfidential
Contact Us
Headquarters:
Gubelstrasse 24
6300 Zug
Switzerland
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Phone:
+ 41 41 720 40 06
Email:
Website:
www.ficas.com
Actively Managed Crypto Investments
You Invest, We Care.
March 2021