IMQubator, the hedge fund seeding platform backed by APG, has committed EUR25m in seed capital to the iSTAR fund being set up by Rudolph Shally and Thomas Artarit. Thomas and Artarit previously worked together at AIG Financial Products in Tokyo and London, before they left to found iSTAR Capital.
The iSTAR fund will have a trend following and carry strategy for various markets. The team will be based in Amsterdam and is in the process of creating a Dutch management company. The iSTAR fund will be Luxembourg domiciled and will be launched on 1 September.
Jeroen Tielman (pictured), CEO of IMQ Investment Management, the manager of the IMQubator fund, says: “They are a highly experienced team with a long and distinguished track of managing these strategies."
Artarit says: “The CTA market is becoming more important. ISTAR Capital will benefit from the support of IMQubator and we expect to have at least EUR100m assets under management within a year after launch."
