Skip to content
Subscriber Only

Ex-Goldman Star Trader Pivots From Hedge Funds to the Red-Hot ETF Industry

  • Quadratic lists fixed-income product with inflation protection
  • Hedge fund closures are outnumbering start-ups: Eurekahedge
Video player cover image
Nancy Davis, managing partner and CIO at Quadratic Capital Management, talks about the firm’s new ETF.(Source: Bloomberg_TV)

Nancy Davis rode the boom in prop trading at Goldman Sachs Group Inc. until the financial crisis hit. A decade later, she’s pivoting from hedge funds to the red-hot ETF industry, as shifting investor appetite changes the game for fast-money traders.

The founder of Quadratic Capital Management LLC, which specializes in options-based macro strategies, is listing her first ETF on Tuesday -- as active managers battle pressures on fees and costs and struggle to outperform passive peers.