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Alternative Market Briefing

Amsterdam veterans launch equity arbitrage, volatility trading hedge fund with $24m committed capital

Wednesday, December 23, 2020

Matthias Knab, Opalesque for New Managers:

Privium Fund Management BV, a global alternative investment fund manager, today officially announced the launch of a new fund, the SAVIN Multi-Strategy Arbitrage Fund (SAVIN). SAVIN launches in February 2021 and already received commitments in excess of EUR20 million (USD 24 million).

SAVIN will focus on equity arbitrage strategies and volatility trading. The Fund's objective is to achieve an average annual return of 8%, net of fees, with a low volatility and low correlation to equity markets. To achieve this, the strategy of the Fund is to employ complementary arbitrage strategies, striving for positive returns regardless of market conditions or general market direction.

The SAVIN portfolio management team will be formed by Iain Somers, Bas Emmerig and Ricardo Westra. Erdem Yavuz will be responsible for Business Development. Iain Somers is the former Managing Partner of Done Hedge Fund. Bas Emmerig has ten years prop trading experience at Accent Circonflexe Groupe BV while Ricardo Westra worked as a trader/partner at Optiver and Da Vinci Derivatives.

Iain Somers commented: "The vast experience and expertise of our team and the way we are able to combine all of our strategies into one Fund makes it a true differentiator to our peers. Through our trading strategy SAVIN provides market exposure uncorrelated to general equity market ......................

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