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Alternative Market Briefing

iStar Capital, the only CTA seeded by an institutional investor in 2011

Wednesday, March 06, 2013

Bailey McCann, Opalesque New York:

For the founders of iStar Capital, an Amsterdam-based CTA, choosing trend following as a core trading strategy was a bit of a journey. Co-Founder Rudolph Shally, actually started his professional career theoretical physics, and moved into financial services, where his work at Citibank showed him how trend following could be a winning strategy. He moved on to AIG where he met his co-founder, Thomas Artarit who was managing a a multi-billion dollar FX/fixed income/commodity hybrid business based in Tokyo. Both men recently spoke with Matthias Knab for an Opalesque TV interview.

While at AIG, Shally began working on a variety of ideas in the futures space. "On and off I found myself coming back to trend following strategies," he says. Over his tenure Shally developed several products, including the AIG Futures Trend Index. He was allowed to take these ideas with him, and replicate products after AIG started to unwind following the 2008 financial crisis. iStar now runs variations of these ideas along with Artarit's.

"We are not a pure trend following firm, we have three main focus points: a trend following strategy, a currency carry strategy, and discretionary risk management." Shally explains. "We very much believe in having systematic strategies that avoid all of the behavioral issues which everyone is exposed to, however, being trader......................

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