With a June performance of 8.0% and a year-to-date return of 24.1% we are off to a solid start. Every day we are improving and tuning a more robust portfolio. We remain firmly focused on bringing you uncorrelated returns and by doing so, improving the risk and return profile of your portfolio.
The ability to react to diverse market circumstances drives our dynamic approach to strategy allocation. We have a wide range of arbitrage trading strategies ready and running. Seeking to extract returns from a diversified set of opportunities while maintaining a well-defined and rigorous risk management framework.
Our strategies focusing on niche volatility arbitrage are clearly delivering an above average return. The volatility in US single stock names, as well as renewed interest in and strong demand for options in these names, contributed to our year-to-date return of 24.1%. Based on weekly performance data the annualized standard deviation of the fund’s returns stands at 14.7%.
The fund’s assets under management have passed the €50m mark. We are onboarding a growing number of (single) family offices and wealth managers whilst ensuring there are no concentration risks on the investor side. Currently we have around 70 investors, no single investor exceeding 10% of AuM.
As promised, we will shed light on some of the fund’s performance statistics to date. Albeit with limited data, it will give you some more insight into the profile of the fund.
The zero correlation with the S&P500 and negative correlation with the EuroStoxx50 is confirmatory of our uncorrelated return profile. As the number of data points grows with time, the significance of the metrics we provide will improve and will cover a wider range of data insights.
The experience of the team, our complementary skills and a strong drive to succeed form a solid foundation for a successful future. Diversity of thought and analytical horsepower are critical to maintaining SAVIN’s edge. Our search for more talent with brilliant and creative minds remains unrelenting as is our ambition to continuously improve and excel in everything we do.
No doubt there will be bumps, we know risk happens fast, but when the time comes we intend to be ready. We thank you for your faith in what we are doing and for the referrals sent our way. This reciprocity is a valued way for us to foster our investor base.
Have a great summer.