Wed, Oct 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

IStar Systematic Fund up 3.63% YTD after returning 3.24% in 2012

Wednesday, April 03, 2013
Opalesque Industry Update – The IStar Systematic Fund, backed by seeding specialist IMQubator, reconfigured its trading strategy in April, 2012, and turned a negative performance into a positive return for the year, ending up at +3.24% at the end of December, 2012*.

The Fund is now up 3.63% for 2013 (to end February)*, versus a YTD average of 0.77% for managed future funds as a whole, according to the Barclay CTA Index compiled by BarclayHedge. In the last 12 months, IStar Systematic has returned 8.58% with a Sharpe ratio of 1.1.*

The IStar Systematic Fund is a Luxembourg-registered SICAV SIF, providing CTA/Managed Futures style hedge fund strategies across 50 markets, relying on behavioural economics research and the extensive experience of the principals. The company behind it, Amsterdam-based Istar Capital BV, was set up by AIG veterans Rudolph Shally and Thomas Artarit, who have nearly 45 years combined experience in the financial industry.

The IStar fund employs several multi sub-strategies and discretionary risk management rules applied on systematic signals, so it’s a “hybrid product between divergence and convergence” that seeks to generate alpha in all market conditions.

In May 2011, IStar Capital signed a seed investment deal with IMQubator, the hedge fund seeding platform backed by APG, the asset manager for Dutch pensions giant Stichting Pensioenfonds ABP.

IStar’s Co-CEO and Founding Partner, Thomas Artarit, comments: “In an environment where the safest bonds are yielding so little, CTAs have a receptive audience. Pension funds and institutions desperate to diversify out of fixed income but uncomfortable with the volatility suffered by equities are the natural market. The value of CTAs is in long-term, statistical out-performance: they truly pay off in the long haul.”

* source: Bloomberg.

Press release

www.istarcapital.com

Opalesque Note: IStar's two founders Thomas Artarit and Rudolph Shally recently talked to Opalesque TV about trend following .

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  3. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  4. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba

  5. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha