For more information about QVR Advisors CONVEXITY ALPHA, MULTI STRATEGY and custom EQUITY TAIL HEDGING please contact Scott Maidel, Partner, Head of Hedge Funds Business at Scott.Maidel@qvradvisors.com

Meet with us in San Francisco, California, Las Vegas, Nevada and West Palm Beach, Florida.

PORTFOLIO MANAGEMENT, RESEARCH AND TRADING

Benn Eifert

Benn is Managing Partner and co-CIO at QVR managing the Multi Strategy business. Benn was previously co-founder and co-portfolio manager of Mariner Coria, a relative value hedge fund on the Mariner Investment Group platform, which was seeded with $150 million by Alaska Permanent via the Mariner Incubation Fund. Before Coria, Benn was Head of Quantitative Research and Derivatives Trader for the Wells Fargo proprietary trading desk, which became the hedge fund Overland Advisors. Benn started his career as an emerging markets macroeconomist at the World Bank. Benn has taught several classes in the Masters in Financial Engineering program in the Haas School of Business at UC Berkeley. Benn holds a PhD in Economics from UC Berkeley and BA in Economics and International Relations from Stanford University.

Steve Richey

Steve Richey is Partner and co-CIO at QVR managing the Convexity Alpha Market strategies and QVR Solutions business. Steve has long career success generating alpha from dislocations in S&P 500 option markets. Steve has spent over 25 years researching and refining S&P 500 trading strategy both professionally and personally. Steve started his trading career at First Quadrant and in his 11 years there, he attained the position of Partner and Director of Trading and Global Options Strategies where he oversaw a $3+ Billion systematic volatility program at its peak. Steve more recently was a PM at Capstone and Parallax. Steve holds a B.Sc. And MBA from Hawaii Pacific University and is a CFA Charterholder.

Scott Maidel

Scott Maidel is Partner, Portfolio Manager and Head of Hedge Funds Business at QVR. He was previously Senior Portfolio Manager, Equity Derivatives at Russell Investments, Associate Director, Global Trading and Trade Research at First Quadrant and most recently was with Gladius Capital Management as Director of Institutional Solutions. Scott has over 15 years of trading and portfolio management experience with global derivatives. Scott holds a B.Sc. in Investments and Financial Markets from the University of Southern California, an MBA from Pepperdine University and is a Harvard Business School alumni of the Program for Leadership Development (PLD). Scott is a CFA charter holder and Financial Risk Manager (FRM) certified.

Todd Miller

Todd Miller is an Executive Advisor at QVR for the Convexity Alpha and QVR Solutions business. Todd formerly was a Partner at First Quadrant.  In his 13 years there, he was the founding architect of the First Quadrant Volatility Alpha program which was over $3 billion at its peak. Todd was also on the Oversight Committee and helped oversee $37 billion in Firm Assets which included the Overlays and Absolute Return strategies at their peak. Todd has spent 40 years researching and refining S&P 500 trading strategy both professionally and personally. Todd has managed money for some of the world’s largest institutions, navigating volatility markets and large-scale derivative overlay programs. Todd also has shown long career success generating alpha from dislocations in option markets. Interesting about Todd professionally, and to connect the dots, Todd hired now QVR’s Steve Richey and Scott Maidel into First Quadrant long ago.

TECHNOLOGY

Kamil Choudhury

Kamil is Head of Technology at QVR. Kamil was most recently Founder of LevelCompute, which enabled trading of on-demand cloud compute capacity at reserved prices. He spent 2008-16 at Goldman Sachs where he was a Vice President in Core and Fixed Income Technology. Before Goldman, he worked in Securities Pricing Technology at Bear Sterns.

FINANCE, OPERATIONS AND COMPLIANCE

Scott Toyama

Scott Toyama is Partner, Chief Operations, Chief Compliance and Chief Financial Officer at QVR. He joined QVR from Wells Fargo where he was most recently a Business Analyst Manager. He was previously Director of Operations at the Wells Fargo proprietary trading desk, which became the hedge fund Overland Advisors, and Operations Manager at Wells Fargo Securities. He started his career as a Risk Management Analyst for PG&E. He holds MS and BA degrees in Economics from UC Santa Cruz.

David Rothwell

David joined QVR from Constellation Advisors LLC where he was a Manager in the CFO - Accounting and Finance team from 2018-2020. Prior to Constellation he was an Account Manager at Citco Fund Services in San Francisco working across fund accounting and middle office teams. He holds a Bachelor’s degree in Business Administration and Management from the University of Bath graduating with Honours. He is also a qualified accountant, holding the CGMA designation (Chartered Global Management Accountant).

2025 Intern

Isabella Lai

Isabella received her bachelor’s degree from New York University in summer 2024, where she completed her senior thesis on morphosyntactic constraints in language processing. She is most recently a junior consultant at a New York-based consulting group and supports their research and advisory services to institutions and family offices.

INTERN ALUMNI FALL 2022

Jiaye (Julia) Su

Jiaye joined as a Quantitative Analyst (Intern) and is a 2023 candidate in the Master of Financial Engineering program at UC Berkeley.

Jiaye Su received her dual bachelor's and master's degrees in Mathematics and Computer Science from Rose-Hulman Institute of Technology and Master of Quantitative Finance from the University of Waterloo. During her studies, Jiaye interned with three companies, thereby gaining experience in quantitative development, private equity, corporate finance, data science, and indexing strategies. Before joining the Berkeley MFE program, Jiaye worked as a front office quant and initiated the framework of the intraday pricing library for the commodity desk at RBC.

Artem Shuvalov

Artem joined as a Quantitative Analyst (Intern) and is a 2023 candidate in the Master of Financial Engineering program at UC Berkeley.

Artem has three years of experience in exotic equity derivatives trading and Quantitative Index Strategies. Throughout these experiences, he had the opportunity to apply his skills in probability theory, stochastic processes, statistics, and computer programming in the management of portfolios composed of vanilla and exotic equity derivatives (e.g., Asian, Digital, Barrier Options, Reverse Convertibles, and Autocallables). He was involved in various projects, ranging from the creation of Quantitative Index Strategies (a platform for idea-generation and management of existing products) to the development of Python libraries for exotic derivatives book management that produced more comprehensive risk insights as well as stress-testing and back-testing tools. During his master's program, Artem had extensive exposure to empirical studies, focused on statistics, machine learning, and econometrics with applied projects related to the prediction of realized volatility and the estimation of the probability density of returns.