NOVA, Neutral Options Volatility Arbitrage, is an investment strategy rooted in a deep understanding of options market anomalies and the belief that diligent arbitrage can yield sustainable alpha. Recognizing that market pricing models are not always perfect, NOVA seeks to capitalize on the systematic pricing inconsistencies often amplified by hedging behaviors, flows and behavioral biases.

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The market-neutral, convexity-driven approach allows for diversified portfolio construction within a robust risk management framework resulting in a differentiated proposition with low to negative correlation to broader market movements.