Limiting memory for Sybase SQL Anywhere

Question

I have to use Sybase's SQL Anywhere for a project so it has been put on a VM. Memory consumption is particularly high for a not overly taxed database and it's putting a lot of pressure on the VM.

The process is dbsrv12.exe and it's consuming >3GB of memory. Is there a way I can limit that to something more sensible and suitable for a VM?