Innovative Alternative Asset Management

Innovative Alternative 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).

Quadratic’s portfolios are structured with convexity to provide leveraged upside, and the option downside is limited to the initial option premium. 

Nancy Davis Managing Partner & Chief Investment Officer

Nancy Davis is the founder and managing partner of Quadratic Capital Management. Ms. Davis is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Ticker: IVOL).

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

She has been the recipient of numerous industry recognitions. She was named by Barron’s as one 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.”

Ms. Davis is considered a leading expert in the global financial markets and writes and speaks frequently about markets and investing. She has been published in Institutional Investor, Absolute Return and Financial News, and has contributed articles to two books.

Ms. Davis has been profiled by Forbes, and interviewed by The Economist, The Wall Street Journal, and The Financial Times among others. Ms. Davis is a frequent guest on financial television including CNBC, CNN, Sina, Fox and Bloomberg. She is a sought-after speaker for industry events.

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.