Nancy Davis Has $1 Billion After Ditching Hedge Fund for ETF
Bloomberg 1/11/2021 Ksenia Galouchko and Sam Potter
(Bloomberg) Nancy Davis of Quadratic Capital Management LLC offered a glimpse of the future when she pivoted from her hedge fund to launch an ETF in 2019.
She’s never looked back and her success is a hopeful omen for the first hedge fund to actually convert itself into an exchange-traded fund, announced last week.
The Quadratic Interest Rate Volatility and Inflation Hedge ETF (IVOL) has become a breakout hit amid fears of rising prices from government spending to combat the coronavirus. In fact, assets jumped to more than $1 billion on the same day Upholdings Funds LLC the first hedge-fund-to-ETF conversion confirmed the switch of its tiny tech portfolio into an ETF wrapper.
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