Innovative Asset Management

Innovative Asset Management


Firm Overview

Quadratic Capital Management LLC is an asset management firm founded in 2013 by Nancy Davis and based in Greenwich, CT. Ms. Davis is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (ticker: IVOL) and the Quadratic Deflation ETF (ticker: BNDD).

Quadratic’s portfolios are structured with convexity to provide asymmetric upside while the option downside is limited to the option premium. 

Nancy Davis Managing Partner & Chief Investment Officer

Nancy Davis founded Quadratic Capital in 2013. Nancy is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Ticker: IVOL) and the Quadratic Deflation ETF (NYSE Ticker: BNDD).

Nancy began her career at Goldman Sachs where she spent nearly ten years, the last seven with the proprietary trading group where she became Head of Credit, Derivatives and OTC Trading.

Nancy has been the recipient of numerous industry recognitions. Barron’s named her to their inaugural list of the "100 Most Influential Women in U.S. Finance." Institutional Investor called her a "Rising Star of Hedge Funds." The Hedge Fund Journal tapped her as one of "Tomorrow's Titans."

Nancy writes and speaks frequently about markets and investing. She has been profiled by Forbes, and interviewed by Barron’s, The Economist, The Wall Street Journal, and The Financial Times among others. Ms. Davis is a frequent guest on television including CNBC, Bloomberg, CNN, CBS and ABC.

Awards

  • Nancy Davis recognized by Institutional Investor as a Rising Star in 20141.
  • Nancy Davis recognized by The Hedge Fund Journal as Tomorrow’s Titans2.
  • Nancy Davis recognized as a Rising Star hedge fund manager by Markets Media at its Women In Finance Markets Choice Awards in New York City3.

  • The awards referenced above do not serve as a testimonial or endorsement of Nancy Davis and/or Quadratic Capital Management, LLC. The awards were not paid for and were based on the following criteria:

    1According to Institutional Investor: “For our fifth annual list, we’ve identified 30 of the brightest up-and-coming professionals in hedge funds, with help from readers and industry participants. It includes men and women launching their own funds, top talent at existing money management firms and hedge fund investors, as well as managers.”

    2According to the Hedge Fund Journal. “We contact allocators including family offices, fund of funds, pension funds, insurance companies, endowments and foundations, and service provider. Nominators remain anonymous and the long list of nominations reached a couple of hundred names. Fifty names are selected on a mix of criteria – performance, assets, pedigree, reputation and testimonials. The geographic split is broadly proportional to industry assets with the USA home to most hedge fund assets, Europe in second place, and Asia third.”

    3According to Markets Media: “WIF nominees are put forth by readers of MarketsMedia.com and TradersMagazine.com, and finalists and winners are determined by the editorial staffs of the two platforms, in conjunction with the WIF Advisory Board, whom we owe much gratitude for their support and guidance. Our methodology is simple yet thorough, and keeps the focus on the important opinions: those of the market — i.e. the colleagues, clients and competitors of nominees — rather than ours.”

Glenn Christal Chief Operating Officer

Mr. Christal is responsible for overseeing the business and trading operations for the company. Previously, Mr. Christal was at Tudor Investment Corp, a multi–billion macro hedge fund, for fifteen years where he was the Treasurer and chair of the Treasury and Credit Committees. Mr. Christal oversaw collateral management, cash management, credit and trade documentation negotiations. His prior role was the Chief Operations Officer at Millennium Partners where he oversaw trade operations.

Mr. Christal holds a Bachelor of Science degree in Applied Mathematics and Statistics from Stony Brook University.

Henrique Rocha Market Strategist

Mr. Rocha is responsible for identifying, analyzing and structuring Quadratic's emerging markets investments across asset classes. Previously, he worked at Goldman Sachs as an Interest Rates and Foreign Exchange Strategist, responsible for tactical idea generation for institutional clients, including banks, corporations, hedge funds, asset managers, and sovereigns. Mr. Rocha has worked in both Brazil and the U.S.

He holds a B.S. magna cum laude in Electrical Engineering from Yale University, where he was a member of Phi Beta Kappa and Tau Beta Pi.

Brooke Farley Business Development

Ms. Farley is responsible for business development of the firm. Ms. Farley brings 20 years of experience raising institutional capital in alternatives, venture and private equity.

Ms. Farley started her career as a consultant for McKinsey & Company and has investment experience as a risk underwriter at Bond Investors Guaranty - now MBIA as well as at PaineWebber researching tax-free commercial paper and bonds.

Ms. Farley received her BA in Art History from Manhattanville College and received a Master of International Affairs (MIA) from Columbia University’s School of International and Public Affairs.

Ms. Farley holds her Series 7 and Series 63 Securities licenses.