Innovative Alternative Asset Management

Innovative Alternative Asset Management

Firm Overview

Quadratic Capital Management LLC is an innovative alternative asset management firm founded in 2013 by Nancy Davis and based in Greenwich, CT. Quadratic’s differentiated approach to portfolio construction uses options to construct convexity overlays.

Quadratic’s portfolios are structured with convexity to provide leveraged upside, and the downside is limited to the option premium at risk in case the asset sells off (rallies for shorts). Each sleeve will have the potential for asymmetrical returns combined with a known and defined limited downside in case assets move in opposite directions.

Nancy Davis Managing Partner & Chief Investment Officer

Nancy Davis founded Quadratic Capital Management in 2013. Ms. Davis began her career at Goldman Sachs where she spent ten years, the last seven at the proprietary trading group where she became Head of Credit, Derivatives and OTC Trading. Prior to starting Quadratic, she served as a portfolio manager at Highbridge where she managed $500 million of capital in a derivatives-only portfolio. She later served in a senior executive role at AllianceBernstein.

Ms. Davis writes and speaks frequently about financial topics and world markets. Ms. Davis speaks frequently at industry events including SALT Las Vegas, Sohn, Talking Hedge, HedgeWorld, AlphaHedge, CBOE Risk Management and IMN. Ms. Davis is a board member of the International Partners Committee and was a keynote speaker in China at the Asset Management Association's annual conference.

In 2014, Nancy was selected by Institutional Investor as a Rising Star of Hedge Funds and recognized by The Hedge Fund Journal as one of "Tomorrow’s Titans." Ms. Davis holds a B.A. magna cum laude in Economics from George Washington University where she was a recipient of the Presidential Academic Scholarship.

Mark Cone Head of Business Development

Mr. Cone is responsible for overseeing the business development of the firm. Previously, he cofounded Causeway Capital Management in Los Angeles, CA in 2001 where he served as Managing Partner, Executive Vice President and Chief Marketing Officer. Additionally, he served as Trustee on the Causeway Capital Management Trust for the Causeway family of mutual funds.

Previously Mr. Cone led third party distribution for Merrill Lynch Investment Managers within the United States, Canada and Latin America from 1996 to 2001. Prior to that, Mr. Cone was the director of marketing and client development for retail and intermediary distribution at Hotchkis and Wiley and a regional director at Neuberger & Berman where he was responsible for marketing their mutual funds.

Mr. Cone has a BA in Economics from the University of Vermont.

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.