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.
In the US, government debt levels have soared recently amid multiple rounds of fiscal stimulus in response to the Covid-19 pandemic. Other recent trends include an ageing population, advancements in technology, tax increases and increasing productivity.
The linked article contains the manager’s opinion. It should not be regarded as investment advice or recommendation of specific securities. Holdings mentioned are subject to change.
For BNDD standard performance and top 10 holdings please click here. Past performance is no guarantee of future results. Diversification does not protect against market risk.