Inflation was the theme dominating markets around the world last month. With inflation indicators coming in above estimates, uncertainty around the transitory or sustained nature of inflation, kept a tight grip on markets. Resulting in a volatility spike during May.
SAVIN returned +1.8% in May as we continue to benefit from an overweight positioning towards our volatility arbitrage strategies, bringing our YTD performance to 14.9% (net of all fees).
In our quarterly update next month, we will deep-dive into some key statistics of the fund, providing some additional insights into the risk/return profile of the fund.
Hope to see you soon.