FLX Distribution – a Resource and Asset Management Platform (RAMP) delivering on-demand distribution for asset managers, wealth management firms, and financial advisors – has announced seven new additions to its offering including hedge funds 180 Degree Capital Corp and Advocate Capital Management.
Ranging in size, asset class and business needs, the seven new managers underscore the breadth of the services and capabilities the FLX platform offers.
“This new group of managers reflects both the need and trust from the industry in our purpose-built platform that aims to drive a more flexible, scalable, and accessible distribution experience for all participants. These managers recognise FLX as a community consisting of more than a single feature but rather the culmination of multiple features brought together via a single destination – and we’re proud to partner with them as they grow their business,” says Brian Moran, FLX Founder and CEO.
180 Degree Capital Corp. is a publicly traded registered closed-end fund focused on investing in and providing value-added assistance through constructive activism to what it believes are substantially undervalued small, publicly traded companies that have potential for significant turnarounds. The firm’s goal is that the result of its constructive activism leads to a reversal in direction for the share price of these investee companies, ie, a 180-degree turn.
Located in New York City, Advocate Capital Management focuses on providing market protection and risk mitigation solutions to help clients effectively manage risk. Advocate’s Macro Risk Hedging (MRH) and Rising Rate Hedging (RRH) strategies are designed to mitigate portfolio risk during episodes of market stress targeting significantly lower long-term cost than available market alternatives.
