Volatility Hedge Fund QVR to Close After Losing 30% This Year

QVR Advisors is closing its hedge fund and looking to sell the management company, following months of losses and investor redemptions.

The volatility-focused multistrategy fund lost 30% from January to April, as it struggled with wrong-way bets and outflows, according to founder and managing partner Benn Eifert. The firm’s assets totaled $1.6 billion at its peak earlier this year.