ACTIVELY MANAGED CRYPTO INVESTMENTS YOU INVEST, WE CARE - JANUARY 2021 - FICAS
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Actively Managed Crypto Investments
You Invest, We Care.
January 2021
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
FiCAS in the News
….and 150 other global media outlets
Confidential 8 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.comGovernance 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.comMarket 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.comHistorical 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.comETP 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.comOrganisational 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.comKey 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.comExpertise 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.comFiCAS`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.comBusiness 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.comActively Managed Crypto Investments
You Invest, We Care.
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