'Rising star of hedge funds' launches Quadratic Deflation ETF Submitted 22/09/2021 - 9:12am Asset management firm Quadratic Capital Management has launch the Quadratic Deflation ETF (NYSE Arca: BNDD). Managed by Nancy Davis, Quadratic Capital Management’s Founder and Chief Investment Officer who has been dubbed a rising star of hedge funds', BNDD seeks to profit from a variety of challenging environments including lower growth, deflation, lower or negative long-term interest rates, and/or a reduction in the spread between shorter and longer-term interest rates by investing in US Treasuries and options.