actively-managed crypto investments
TRANSCRIPT
ACTIVELY-MANAGED
CRYPTO INVESTMENTS
Y O U I N V E S T , W E C A R E .
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 cryptoassets. 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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FICAS IN A NUTSHELL
FiCAS offers investors diversification in the crypto-asset class through …
… a unique investment strategy … a unique Product … an institutional-grade company
• 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
• 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
• 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
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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 the
strong performance of Alternative asset
classes.
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ISIN CH0548689600
Valor / WKN 54868960 / A3GQYG
Ticker BTCA
Listing SIX Swiss Exchange / Börse Stuttgart
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
Underlying Exchange Traded Product
Asset Mgr FiCAS AG
Custodians Six, for risk mgmt. reasons
15 FICAS ACTIVE CRYPTO ETP
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KEY FEATURES
The world’s first discretionary managed cryptocurrencies ETP
Managed Issuer Risk The collateral agent sells the securities and reimburses
the investors in case of default of the issuer.
Unique and Proven
Trading Strategy
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.
Actively-Managed 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.
Team Expertise 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).
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.
Liquidity Highly 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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WHAT PROFESSIONALS SAID
“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.”
Alain Picard
Head Trading, Sales & Management, Securities & Exchanges,
SIX Swiss Exchange
“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.”
Mark Dambacher
CEO at InCore Bank AG
“Managing cryptocurrency investments actively requires
in-depth trading and analytical experience. FiCAS
offers that – and that is quite exciting.”
Guido Bühler
CEO at SEBA Bank AG
“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.”
Daniela Rosa
Head of DLT Clients Desk at Zarattini & Co Bank
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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INVESTMENT PHILOSOPHY
Relative value strategy
Trading Objective Trading Approach Reference Basket
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 Bitcoin against carefully
selected altcoins
• Moving to Fiat if it is deemed
the best option
• Top 15 digital assets according to
Coinmarketcap/SIX Swiss Exchange
• Dynamic allocation between
Bitcoin and altcoins
• Dynamic allocation between
Ethereum and other altcoins
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RISK MANAGEMENT
Position risk Infrastructure risk
Traditional operational
and market risksProactive identification, assessment,
evaluation, monitoring & control of risks
Liquidity-adjusted positions
Stop loss and conservative targets
Top 15 coins and Fiat
No ICO/STO
Time-limited exposure to exchanges
Diversified pool of custodians
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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
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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
Ethereum
Litecoin
Cardano
Stellar
Tron
Tezos
Binance Coin
Neo
EOS
Ripple
Bitcoin Cash
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HISTORICAL PERFORMANCE OF UNDERLYING STRATEGY
Independently audited
by a big four
30 Oct 2015 – 31 Jan 2018
The personal trading record of FiCAS’s founder,
Ali Mizani Oskui, has been audited by one of the
Big Four auditing firm (limited review)
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ETP PERFORMANCE (AS OF APRIL 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
• Absolut Return net of fees exceeded 300% and
asset under management reached nearly
USD 20 Mio.
• 2021 the company will continue the expansion of
its reference markets (EU) and its capabilities
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ORGANISATIONAL CHART
/ 15 Confidential
Positions &
HeadcountBoD
Risk CommitteeInvestment Committee
CommunicationAdministration
Outsourced Services
Marketing
SupportSupport
Market
Research
& Analysis
4
33
21
SalesTradingCFOCIO Products AdvisoryBusiness
Development
2 2 3 2 2 2 2 1
222
KEY EXECUTIVES
Dr. Mattia RattaggiChairman of FiCAS AG
Ali Mizani OskuiFounder & BoD FiCAS AG
Dr. Daniel DiemersRisk Committee
& BoD FiCAS AG
Dr. Luca SchenkBoD Bitcoin Capital AG
Urs WielandChairman BoD Bitcoin
Capital AG
Marcel NiederbergerHead of Operations of FiCAS
AG | Member BoD Bitcoin
Capital AG
Olga VögeliExecutive Management
& Risk Controls of FiCAS AG
Rolf SchmiedCFO of FiCAS AG
Hadi NematiHead of Research
Abbas AshtianiOutsourced Services
Darko NovakovicHead of Marketing and
Communications of FiCAS AG
Confidential/ 16
/ 17 Confidential
EXPERTISE AND GOVERNANCE STRUCTURE
In a league of our own
Team Experience (Cumulative years)
International finance 143 Cryptocurrencies
investment management
39
Traditional investment
management
54 Cryptofinance regulation
and risk management
29
Regulation and risk
management
126 Blockchain and
DLT technologies
46
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)
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FICAS ETP CRYPTO HEDGE FUNDS
VS.
FICAS ETP: A class in itselfPWC crypto hedge fund report 2020
Founders’ seed funding CHF 2mMedian AuM at launch: USD 2m
For retail, professional and institutional investorsNot for retail investors
Fee “2%/20%”Fee “2%/20%”
No lockHard or soft lock in most of the cases
No derivativesTrade derivatives in most cases
Six independent custodiansIndependent custodian not a rule
Two independent directorsOnly a minority has 1 independent director
Fully fledged & experiences third party researchOnly a minority uses third party research
Domicile: SwitzerlandDomicile: Islands, US or UK
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BUSINESS PARTNERS
/ 20 Confidential
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
THANK YOU
Y O U I N V E S T , W E C A R E .
Gubelstrasse 24 | 6300 Zug | Switzerland
+ 41 41 720 40 06
www.ficas.com