“We have compared vintage cars to what gold bars, diamonds and works of art are, as they are unrelated to the fluctuating market trend that savers experience every day”. They are the words of Charles Calarco, founder and CEO of Hetica, perhaps the best that can be used to describe in a simple and concise way the intuition upstream of the mutual fund “Hetica Classical Fund”.
Calarco is above all a car enthusiast and a romantic for whom the world of classical finance – his last job was that of manager of part of the financial advisor network at Monte dei Paschi – was a little tight. The turning point came in December 2019, when he decided to stop looking for opportunities, but to create them. As? Through innovative investment paths, not correlated to indices, sector averages or other market benchmarks, thus giving birth, in Switzerland, to the Hetica Capital S.A.
Thanks to a patient search for niches of unexpressed or potential value, often due to the advance of a new demand that most of the other operators had not yet perceived, the investment proposals linked to the tourism-hotel sector were first born, those specialized in the gold and blockchain sector, therefore the idea of the opportunities that concern the vintage car.
This is the first regulated product that focuses on possible capital gains by buying, restoring and selling historic cars. The fund deals not only with the purchase and custody, but also with the enhancement of the assets through participation in dedicated events, such as elegance contests, historical re-enactments, educational events and temporary exhibitions. Classic cars – which must be kept in a historically correct state and not used as an everyday means of transport – are kept in a vault in Switzerland, where a team of professionals takes care of it constantly. In short, we are facing an asset from tangible valueunlike most funds.
But the real strength of Hetica Classic Fund is the technical committee, or who makes the selection of the cars. Hetica can count on the consolidated experience of a name that, in the field of engines and competitions, needs no introduction: Cesare Fiorio, former sporting director of Ferrari as well as multiple world champion in motorboating and rallying. Not only that, I'm with him Mariella Mengozzi, director of the National Automobile Museum, for the history and culture of motoring, Christine Lenoci, administrative lawyer and former vice president of the Executive Committee of the Hall of Justice, for legal expertise e Giuliano Bensi, President of the Tuscan Auto Moto Epoca Club and of the ASI Club Commission (Automotoclub Storico Italiano) Turin.
As far as the capital gains that can be expected are concerned, it should be noted that the value of the collector's car industry, over the last ten years, reports a del% increase 288 (Source: Knight Frank Luxury Investments). Just like gold and silver, classic cars are at the top of the chart in the growth curve of collectibles (coins, stamps, period furniture, wine, etc.) and this makes them real own works of art on the go. Therefore, they have the characteristics to actually work as value reserve, i.e. from goods whose value grows over time in a protected manner, therefore, both from inflation and from the devaluation of the exchange rate.
Hetica has also recently started a process of internationalization to expand its presence in other countries, includingItaly, where an asset management company in which Hetica holds a stake is in the process of being registered.
I think you can find all the references here: https://www.hetica.capital/it/
But how do you sign it?