STANDARD PROCEDURE FOR RESPONDING TO NEW POTENTIAL INVESTORS

INTERNAL USE ONLY

(CMFDH II – Nicholas Levenstein & Company)

1. Initial Response Template (Investor Inquiry Acknowledgment)

Use this message when replying to any new investor who requests information or expresses interest.

📩 EMAIL TEMPLATE — “INITIAL RESPONSE WITH MATERIALS”

Subject: CMFDH II — Requested Materials & Next Steps

Dear [Investor Name],

Thank you for your interest in Crypto Money Fund Dollar Hedge II (CMFDH II). As requested, I’m sharing our full information package below, including detailed fund materials, legal documents, and performance history.

Exhibit Package

Please find attached:

  1. Exhibit 1 — Fund Overview Presentation (Pitch Deck)
    Source: Crypto Money Fund Dollar Hedge II Pitch Deck

  2. Exhibit 2 — Due Diligence Questionnaire (DDQ)
    Source: CMFDH II Investor Qualification & DDQ

  3. Exhibit 3 — Subscription Agreement
    (CMFDH II operates under Georgian jurisdiction and does not require a PPM/LPA; this is the operative agreement.)

  4. Exhibit 4 — One-Pager
    (Includes performance statistics for both CMFDH I and CMFDH II since 2019.)

  5. Exhibit 5 — Monthly Balances & Returns
    (Fund’s monthly NAV and return history.)

Performance Highlights — CMFDH II (Per Q3 2025)

(Summaries extracted from One-Pager + Deck)

  • Sharpe Ratio: ≈ 3.6

  • Sortino Ratio: ≈ 5.2

  • Annualized IRR: ≈ 61%

  • Positive yearly performance in all years since inception

  • Market-neutral, option-based derivatives strategy with strong downside protection

Capacity

Based on liquidity, turnover, and execution depth across Binance, Deribit, and other centralized derivatives venues (and CME if needed), we estimate scalable deployment up to ≈ $100M without degrading returns.

A detailed explanation is available here:
https://www.levenstein.net/capacity1

Scheduling a Call

I am based in the Bali/Singapore time zone (GMT+8). Please select any time from the links below that fits your schedule: https://calendly.com/nick-levenstein/30min

I look forward to walking you through our approach and answering any questions.

Warm regards,
Nick Levenstein
Managing Partner, CMFDH II
nick@levenstein.net
levenstein.net

2. Required Attachments for Every New Investor

Always include these five standard exhibits, see in "C:\Users\erikm\Nickolasteam Dropbox\Erik Diskin\Nicholas Levenstein & Co, Georgia\marketing\cmfdh description\Potential Investor Packages". Keep all five included in every single initial investor communication, unless a fund manager explicitly instructs otherwise.

3. Internal Workflow Checklist (Use Every Time)

A. Immediately Upon Receiving Investor Inquiry

  • Identify investor’s name and organization

  • Classify inquiry: general interest / due diligence / institutional request

  • Log the inquiry internally (if applicable)

B. Before Sending the Package

  • Attach Exhibits 1–5

  • Insert correct meeting links

  • Include correct investor name in greeting

  • Confirm time zone is included (GMT+8)

C. After Sending

  • Notify Nick + Erik internally if call might be scheduled

  • Create a calendar reminder for expected follow-up (48 hours)

  • Prepare updated metrics (Sharpe, Sortino, IRR) if needed for upcoming calls

4. Optional Enhancements (based on investor type)

Institutional Investors

Attach additionally:

  • Auditor letter (Tahseen Rehman & Co.)

  • Capacity whitepaper (link only)

  • Compliance overview (if requested)

Family Office / UHNW

Emphasize:

  • Downside protection

  • No lock-ups

  • Quarterly liquidity

Crypto-native firms

Emphasize:

  • Market-neutral, Deribit/centralized options execution

  • Butterfly program details (Exhibit 4)