QVR’s Volatility Fund Gains 16% in the Dividend-Futures Mayhem
- Hedge fund pounced as banks dumped contracts amid crisis
- Derivatives-focused firm also profited from S&P 500 Index skew
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QVR Advisors gained 15.7% in its flagship hedge fund strategy in the second quarter, fueled by lucrative bets on beaten-down dividend futures.
The San Francisco-based firm, which has around $150 million across its absolute return fund and solutions business, was one of a handful of players to take advantage of volatility in corporate dividends sparked by the Covid-19 crisis.