Fri, Jul 1, 2016
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   |   
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. Investing - Soros, Druckenmiller among hedgies profiting in market plunge, Hedge funds were most bullish on bonds since 2004 before Brexit, Surprise Brexit vote unleashes scramble for dollars, High-yield hit on Brexit but no panic selling, Scientist turned hedge fund founder lured to pound, euro, Hedge fund avoids commodities, posts big gains[more]

    Soros, Druckenmiller among hedgies profiting in market plunge From HITC.com: Bullish positions in gold and volatility and well-timed short bets on China and emerging markets, among other areas, were some of the trades that benefited hedge funds on Friday as markets digested Britons' s

  2. Manager Profile - A 26-year old hedge fund manager called Brexit — here's what he thinks about the historic vote[more]

    From Businessinsider.com: Taylor Mann is not your typical fund manager. The twenty-six year old Texas A&M graduate manages Pine Capital in Larue, Texas (population 160), where he resides with his three-year old daughter. Also atypical compared with many of the largest funds out there, Mann makes

  3. Chesapeake Partners to liquidate hedge fund amidst 'hostile environment'[more]

    Komfie Manalo, Opalesque Asia: Chesapeake Partners Management, the hedge fund run by woman fund manager Traci Lerner said it would return investors’ money after 25 years because the market environment has become "hostile" to manage other people’s money, reported

  4. Europe - George Soros says Brexit has ‘unleashed’ a financial markets crisis, Brexit—what we know, Will the UK’s departure be a ‘soft-Brexit’ or a ‘hard-Brexit’?, Brexit: Six-point action plan for asset managers[more]

    George Soros says Brexit has ‘unleashed’ a financial markets crisis From Bloomberg.com: Britain’s decision to leave the European Union has “unleashed” a crisis in financial markets similar to the global financial crisis of 2007 and 2008, George Soros told the European Parliament in Bruss

  5. Hedge Fund Due Diligence Exchange offers complete due diligence reports at $1500[more]

    Matthias Knab, Opalesque: HFDDX is offering complete alternative investment due diligence reports at $1500 US. Industry professionals can simply go to www.hfddx.com and indicate their interest in sponsoring one or more DD Reports for $1500 each.