Corporate events

Element ONE


Issuer: ELEMENT ONE LTD
ISIN Number: VGG299771086
Issue Description: USD CL B SHS
ISO CFI: CICXXX

By the end of March 2019 the S&P500 Index finished in a green zone, primarily due to the expectations of signing a trade agreement between the US and China. However, the rate of positive movement also as in February, slowed down twice compared to the previous month, which may indicate the market consolidation with a further reversal, or a sharp upward movement, depending on the news background.

In early March, Pirelli (BIT: PIRC) and Goodyear (NASDAQ: GT) were settled to Element ONE fund portfolio. Goodyear shares went a little lower than our stop-loss and the position had to be liquidated, however, Pirelli’s shares remained in the portfolio notwithstanding the 11% price drop and by the beginning of April reached 3% plus, stop-loss was set at $5.9. In the middle of the month we added Nvidia stocks (NASDAQ: NVDA) to our portfolio. The main drivers for the purchase were new background on the GTC19 conference and technical oversold of the securities. As of the end of March, the purchase of shares of the manufacturer of graphic chips provided more than 8% yield. Currently we have reduced the amounts of hedging positions and assume the possibility of testing the September S&P’ heights in the nearest future.

By the end of March 2019, the fund NAV added 0.71% to the previous month.
 

Mining.VG


Issuer: RAM Data Technologies INVT LTD
CUSIP Number: G7369L 106
ISIN Number: VGG7369L1067
Issue Description: EUR CL C SHS
ISO CFI: CICJMS

March 2019 was the second positive month for cryptocurrencies in general and BTC in particular. As we predicted at the beginning of March, an increase in volatility at increased trading volumes can be a serious signal to the growth of a crypto asset. Over the past month, the cost of the most capitalized cryptocurrency increased by about 8% from $ 3,793.60 (Kraken) to $ 4,095.20 (Kraken). Already in five days of April, BTC soared to a mark above $ 5,300, traded by mid-day on April 5, GMT + 0 in the region of $ 5,000, thereby adding about 23% to the opening price of the month.

Most analysts are of the opinion that growth should continue to a target mark of $ 6,000 per BTC. We also positively assess the possible dynamics of the bitcoin price movement, however, we believe that the market in the middle of April may undergo a slight correction. Upon fixing the price above the $ 5,000 mark, it will be possible to make predictions about the further price movement.

According to the results of March Mining.VG had a positive trend in the change in NAV for the second month in a row, adding about 0.15% (the net increase in investor income, taking into account the accrued coupon, was about 0.31% to February 2019). In the current dynamics, we continue to accumulate crypto assets to maximize the NAV of the fund. The marginality of mining at the BTC rate of $ 5000 is about 30% and, in the case of continued growth, the fund's profitability in the near future could reach up to 1-2% per month in dynamics.

Since April, we have begun to reflect in the test mode the yield chart on the fund page on the Raison AM website, taking into account the accrued coupon for a more transparent understanding of the investor’s net aggregate profitability.

Also from April 2019, the fund transfers of all crypto assets to an individualized account at the regulated financial institution RAISON.AI, which will increase the security of custody and optimize the cost of possible conversions, as well as reduce transaction costs. New wallets with balances used for storage are available in the mining.vg personal area.

At the end of the first quarter of 2019, the fund's customers were sent accumulated coupon income. All detailed information regarding each investor is available in the personal area of the fund.


Dear customers, you can find updated documents of the Element Global Technologies Private Portfolio on our website.

We have adapted the fund's strategy after testing it on our own funds and we are launching the process of accepting external investors in the fund’s equity.

In the near future the fund will take part in several public offerings, such as Uber, Zoom. We are also negotiating the purchase of an Airbnb shares.

Updated OnePager of the fund describes in more details the most relevant investment ideas. You can get acquainted with OnePager here.

We also recommend to visit our website dedicated to IPO UBER
International Investment Company Threesixty Elements S.A. launched a global rebranding program. As a result, the company will be merged with its leading product - European financial institution RAISON.AI under the brand name “Raison Asset Management”. We have already submitted relevant notifications to the regulatory authorities. Since April 1, 2019, Threesixty Elements S.A. will provide services under the specified brand name. Full change of the legal name will be finished before the end of 2019.

Threesixty Elements S.A. has been providing asset management services in Western and Eastern Europe and the CIS countries for more than 5 years. The company is licensed by the Financial Services Commission (FSC) and is registered by the U.S. Securities and Exchange Commission (SEC) as an investment advisor, also being a member of FINRA.

The RAISON.AI project was launched by our company in December 2017 as a tool for licensed purchase, exchange and storage of cryptocurrencies. To date, the functionality of the RAISON.AI platform has grown significantly. In addition to being licensed to work with cryptocurrencies, the project is also registered by the American Financial Crimes Enforcement Network (FinCEN) as the Money Service Business (MSB), and is going to obtain a European Electronic Money Institution (EMI) license.

Rebranding is carried out in order to combine the accumulated experience and high-quality infrastructure of the investment company with the modern and technological approach of the RAISON.AI project. After renaming, some of Raison Asset Management services, such as KYC procedure and AML checks, will be done with automated RAISON.AI solutions, that will increase usability for clients when working with financial assets. Such products and services of the investment company as funds, external management, structured notes will be available either directly via Raison AM as before or via the RAISON.AI web-based platform/mobile app.

All of the above mentioned, including obtaining new licenses, contributes to the transformation of RAISON.AI into a smart financial and investment management platform, and also makes the leading product of our company a unique solution for managing customers' wealth with additional protection by European regulation and savings on the use of third-party banking services.
According to the U.S. Securities and Exchange Commission Raison Asset Management investment adviser registration is currently effective and was effective at or before that time. As we meet these criteria we are required to file an annual updating amendment to Form ADV.

Such annual updating amendment was filed by Raison Asset Managemen on 26 March 2019. You can view the latest ADV form file from the US SEC IAPD. In addition to the amendment of ADV Form we updated the Part 2A Firm Brochure which is available on our website or on US SEC IAPD.

Element ONE


Issuer: ELEMENT ONE LTD
ISIN Number: VGG299771086
Issue Description: USD CL B SHS
ISO CFI: CICXXX

The S&P 500 wide market index for January 2019 went through an upward correction after a significant decline at the end of 2018, adding about 7.8% over the month. At the end of 2018, we expected a decline in the value of the indices, in connection with this, the portfolio was rebalanced with a predominance of short positions, which gave a positive result in profitability. In January 2019, the market correction brought insignificant negative results to the NAV fund indicators, however, despite the January growth, we are skeptical about the medium term. The use of options positions for the EUR / USD pair with insignificant monthly volatility allowed us to smooth out the effects of the January correction as a result.

Slight adjustments are in the process in the fund’s portfolio structure, including the addition of a new medium-term position to the portfolio in the form of Autodesk (NASDAQ: ADSK). Detailed information on this investment idea is published on our website.

Additionally, we began to gain a position on Nvidia (NASDAQ: NVDA) in the medium-long term. Nvidia is the leader in the delivery of computers for cars with autopilot. It's computing systems are already used in prototypes of unmanned vehicles of Toyota, Mercedes-Benz, and BMW. In addition, the company is also testing its own unmanned vehicle. We believe that paper won back speculative demand on the wave of cryptocurrency hype, and from current levels, given the potential for the development of unmanned vehicles that use solutions based on the company's products for the most part has significant growth potential (for example, Tesla electric vehicles now exploited are equipped with computing systems based on Nvidia graphics chips).

Mining.VG


Issuer: RAM Data Technologies INVT LTD
CUSIP Number: G7369L 106
ISIN Number: VGG7369L1067
Issue Description: EUR CL C SHS
ISO CFI: CICJMS

The cryptocurrency market continues to be in a bearish trend - the cost of digital money has been declining for over the past 416 days. BTC exchange rate began to fall in December 2017 after it hit the historical maximum of about $ 20,000. Since then the price has been dropped by 83%.

However, a similar drop was also observed in 2013-2015, and the situation repeats 1-in-1. At the beginning of December 2013, BTC was trading at $ 1,146 which dropped by 84% to $ 184 by January 14, 2015. The bearish trend in the market lasted 410 days after which it inclined again.

The Mining.vg fund in its profitability is primarily tied to the cost of cryptocurrency and the complexity of their mining. The bear market has a negative impact on performance, and the increased complexity in the network of the air by 20% in January 2019. It also reduced the monthly production by about 15% in cryptocurrency terms. Despite the negative trends, the profitability of mining even at current prices is at the level of 15-30%. The value of the share shows a medium-term decline due to the need to depreciate the value of the equipment's GPU.

Nevertheless, a significant number of analysts are looking positively at the future of the market, noting that the situation was much worse last time when the very functionality of the blockchain was in question. Now the fundamentals are much stronger, and the price of cryptocurrency will start to grow again when institutional investors come into the industry.

The fund itself is also actively working to optimize mining processes and reduce the cost of variable costs. In mid-January, we started working with the new Cuckaroo29 algorithm and the Grin “coin”. A wave of interest in this coin increased the income on the 1080TI card to $ 0.9 per day against $ 0.65 when the ethash algorithm was used.
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