07:30 PM EDT, 05/13/2026 (MT Newswires) -- QVR Advisors is closing its hedge fund and seeking a buyer for the management company, after the volatility-focused multi-strategy fund lost 30% from January through April, Bloomberg reported on Wednesday.

Founder Benn Eifert said the firm was hurt by wrong-way bets and investor redemptions. QVR's assets had reached about $1.6 billion at their peak earlier this year.

Eifert said the closure reflects increasingly difficult economics for smaller hedge funds competing against larger multistrategy firms.

Founded in 2017, San Francisco-based QVR focused on volatility, options and derivatives trading.