An ex-Goldman trader whose firm helps investors navigate market chaos just passed $1 billion in assets after converting her hedge fund into an ETF

An ex-Goldman trader whose firm helps investors navigate market chaos just passed $1 billion in assets after converting her hedge fund into an ETF

Quadratic Capital's Interest Rate Volatility and Inflation Hedge ETF has reached $1 billion in assets just two years after the former hedge fund became an ETF.

Its growth reflects investors' fear of inflation, including the possibility that it will spike as the economy comes out of a recession.

It also reflects the rise of low-cost and easy-to-access ETFs compared to hedge funds.

Because of her work, Business Insider named Davis to our annual list of the 10 leaders transforming investing in North America.

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Nancy Davis once won an award as a "rising star" in the hedge fund world. Now her star is rising in the exchange-traded-fund world, which is rapidly eclipsing that of hedge funds.

Davis' Quadratic Interest Rate Volatility and Inflation Hedge ETF, or IVOL, recently surpassed $1 billion in assets. It's been less than two years since Davis converted her firm, Quadratic Capital Management, from a hedge fund to an ETF.

IVOL is designed to protect against volatility in interest rates and hedge against inflation, and it's benefited from a couple of major trends at once. One is investors' growing appetite for ETFs, which offer lower fees and easier trading access than older strategies. Thanks