Nancy Davis Has $1 Billion After Ditching Hedge Fund for ETF
- Assets are surging in Quadratic’s active fixed-income fund
- First formal hedge-fund-to-ETF conversion occurred last week
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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.