About

We founded Aaro Capital to open up the DLT and cryptoasset growth story to a wider audience via a robust and fully regulated offering.

Our Mission

  • We believe the market for DLT and cryptoassets offers incredible opportunities for value generation.

    However, the sector remains opaque and inaccessible to the vast majority of investors, who are also wary of high levels of volatility, investment risk and operational risk.

    The Aaro DLT Multifund provides an entry point appropriate for traditional and institutional investors, opening up an exciting new asset class by aggregating the expertise of best-in-class boutique fund managers, experienced asset allocators, sector experts and academics from top universities.

  • Key Objectives

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    • Capture the long-term economic value creation of DLT and cryptoassets
    • Capitalise on short-term market inefficiencies through arbitrage, trading and opportunistic strategies
    • Capture strategic opportunities as different industries develop and implement DLT applications
    • Protect against the high volatility of the asset class using established risk management frameworks

Our Team

The Aaro Capital team brings together a unique combination of multi-asset investment and fund selection capability with first principles economic analysis and expertise. This brings a rare level of professionalism and rigour to the DLT and cryptoasset space.

  • Peter Habermacher

    CEO | Co-founder

  • Ankush Jain, CFA

    CIO | Co-founder

  • Sebastien Jardon

    IBDO | Co-founder

Our Ecosystem

  • Operational Partners

    Aaro Capital combines rigorous economic understanding of the DLT and crypto asset class with traditional asset management best practices and infrastructure. Our established institutional partners offer hundreds of years of combined asset allocation and financial experience, as well as independent oversight of our due diligence and portfolio construction processes.

    Laven Partners

    Laven Partners is a compliance and fund due diligence specialist with a proven track record of serving traditional funds, asset managers and investors. Aaro Capital works with Laven Partners to deliver an independent and robust fund due diligence and monitoring process. Laven is a member of the Alternative Investment Management Association (AIMA) and, in partnership with Aaro Capital, have created a due diligence process designed specifically for the selection of crypto hedge funds.

    bfinance

    bfinance works with asset owners around the globe on the implementation of investment strategy, from manager research to portfolio design and monitoring. Aaro Capital works with bfinance to integrate established fund portfolio construction and top-down risk management practices into the analysis of crypto funds. This includes backtesting, exposure analysis and optimum portfolio construction analysis, bringing institutional-grade rigor to the DLT and crypto asset class.

    AK Jensen Group

    AK Jensen Limited is a European brokerage offering Prime Brokerage and technology services, authorised and regulated by the Financial Conduct Authority. Using the Fund Platform provided by AK Jensen in Malta, Aaro Capital’s fund service providers include PwC, Apex Fund Services, Fenech and Fenech, RiskCap International, Banca Zarattini & Co and Zarattini International. AK Jensen also benefits from direct knowledge and experience of crypto funds and the asset class through its crypto hedge fund platform, AKJ Crypto.

  • Academic Consultants

    Aaro Capital’s approach to the DLT and crypto asset class is grounded by economic fundamentals and academic research. The expertise of our economists spans all three areas of the sciences: macroeconomics, microeconomics and empirical analysis. They actively advise on key academic research, provide commentary on current market trends, and develop top-down empirical and economic overlays for the analysis and management of the DLT Multifund.

    Dr. Daniele Bianchi
    Associate Professor at the School of Economics and Finance at Queen Mary, University of London

    Daniele is an Associate Professor at the School of Economics and Finance at Queen Mary, University of London. He was previously an Assistant Professor in the Finance Group at Warwick Business School. He joined Warwick in 2014, after being awarded a Ph.D. by the Department of Finance at Bocconi University. He has been a visiting scholar at the McCombs School of Business at UT Austin in Texas, at University “Ca’ Foscari” of Venice in Italy, and at the Nova School of Business and Economics in Lisbon. His research interests span Cryptocurrency Markets, Empirical Asset Pricing, Financial Econometrics, and Machine Learning. He has published several working papers on the empirical analysis of the crypto asset class and has advised on a previous crypto project. Outside of academia, he serves as Research Director of SelfieWealth Robo-Advisor, the first FCA-authorised Robo Advisor.

    Dr. Giovanni Ricco
    Assistant Professor at the Department of Economics of the University of Warwick.

    Giovanni is an Assistant Professor at the Department of Economics at the University of Warwick. He is also Chercheur Associé at the Observatoire Français des Conjonctures Economiques (OFCE) at Sciences Po in Paris. He obtained his MRes/Ph.D. in Economics from London Business School and Ph.D in Theoretical Physics from Pisa University. His research interests span Applied Macroeconomics, Fiscal Policy, Monetary Policy and Models of Imperfect Information.

    Dr. Spyros Galanis
    Associate Professor at the Department of Economics at City University, London

    Spyros is Associate Professor at the Department of Economics at City, University of London. He was previously Associate Professor in the Department of Economics at the University of Southampton. He obtained his Ph.D. in Economics from the University of Rochester. He has been a visiting scholar at University College London, Kyoto Institute of Economic Research and Queen Mary, University of London. His research interests include Decision Theory, Finance, Game Theory and Experiments.

  • Crypto and DLT Advisors

    Aaro Capital works closely with DLT consultants to better understand the underlying technology and its real-world use cases, in both permissioned and permissionless settings. They also advise on our ongoing stream research and educational materials.

    Dr. Jerome Rousselot
    Jita Ltd

    Jerome is the founder and CEO of Jita, a global fintech innovation company. Jita offers strategic advice, product development and security audits to asset managers, startups and companies in fintech and DLT. Previously, Jerome was Chief Revenue Officer of Mycelium, a digital wallet which he helped raise USD 20 million. Jerome gained his PhD in Theoretical Computer Science from École Polytechnique Fédérale de Lausanne.

    Oscar Pacey
    Tranquility Node Ltd

    Oscar is a network economies specialist who has been involved in the digital asset and blockchain community since 2013. Oscar was a key technical advisor to the UK Royal Mint during their partnership with CME to create a gold bullion backed blockchain platform. Projects include decentralised protocol design, key custody design and fee modelling. Prior to being a consultant, he worked as head of an equity derivatives sales-trading team in London. In this role, Oscar was an FCA Approved Person and a Chartered Alternative Investment Analyst.

    David Stancel
    Blockchain Slovakia

    David studied Economics at Masaryk University in Czech Republic, and did his Master of Science in Digital Currencies at University of Nicosia in Cyprus. He is Vice President at Blockchain Slovakia - an NGO focused on education, research and policy advocacy in the area of cryptocurrencies and blockchain technology. David also lectures courses on cryptocurrencies at University of Zilina and University of Economics in Bratislava, and he regularly speaks about cryptocurrencies on conferences, seminars, forums, universities etc. He is also consulting multiple crypto-related startups and initiatives, not only in Slovakia and Czech Republic, but also all over Europe. He writes regularly about development of the crypto world in his newsletter - New Bits on the Block.

  • Research and Data Partners

    Aaro Capital works with various research and data companies. This ensures that we are able to develop robust market views and tactical asset allocations independently from the fund managers that we are invested in.

    Delphi Digital

    Delphi Digital is an independent boutique providing institutional-grade sell-side research on the cryptoasset market. Aaro Capital uses their weekly, monthly and quarterly market perspectives to better understand crypto market developments and applicability within the wider context of macroeconomics and traditional financial markets. We also work with Delphi on bespoke research projects.

    InWara

    InWara's intelligence platform analyses millions of data points on Initial Coin Offerings, Security Token Offerings, blockchain startups, Initial Exchange Offerings, mergers and acquisitions and key individuals in the space. Aaro Capital makes use of this extensive database to identify market developments, investment trends and risk-reward profiles of investment opportunities. Our analysis allows us to create top-down risk management frameworks as well as well-informed strategic and tactical asset allocations.

    CryptoCompare

    CryptoCompare provides comprehensive price data on cryptocurrencies, with clientele of its data service including Yahoo! Finance, Thomson Reuters, and VanEck. We use this dataset to create custom indexes and risk proxies for our top-down risk management framework.