Thu, Sep 18, 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   |   
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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc