For purposes of this brochure, “180,” “we” or the “Adviser” means 180 Degree Capital Corp., a New York
corporation. The Adviser provides investment advisory services to investment funds and separately
managed accounts.
180 is an internally managed, non-diversified, registered closed-end management investment company
(“closed-end fund”) under the Investment Company Act of 1940, (the "1940 Act"). We were incorporated
in the state of New York in August 1981.
Our common stock is traded on the NASDAQ Global Market under the symbol "TURN."
Our investment objective is to generate capital appreciation and current income from investments and
investment-related activities. We focus on investments in what we believe are deeply undervalued, small
publicly traded companies where we believe we can positively impact the business and valuation through
constructive activism.
We are overseen by our Board of Directors and managed by our officers and have no external investment
advisor. We also offer investment management services to institutional investors, including pension and
profit-sharing plans, via a separately managed accounts (“SMA”) or special purpose vehicles (“SPVs”).
Collectively, any SMAs and SPVs are referred to herein as “Managed Accounts.”
Our investment activities are managed by our Portfolio Managers, Kevin M. Rendino and Daniel B. Wolfe.
Mr. Rendino has served as Chairman, Chief Executive Officer and Portfolio Manager of 180 since March
2017. He
has served as a member of 180’s Board since June 2016. Prior to joining 180, Mr. Rendino worked
on one fund, Basic Value Fund, with a consistent Graham and Dodd focus, at the same firm,
BlackRock/Merrill Lynch. Mr. Rendino graduated from the Carroll School of Management at Boston
College (B.S.) in 1988.
Daniel B. Wolfe has served as President since January 2009, as Chief Financial Officer and Chief
Compliance Officer of the Registrant since July 2016, and as Portfolio Manager and a member of the
Registrant’s Board since March 2017. He served in varying other positions within the Registrant since
2004. He graduated from Rice University (B.A.) in 1999 and from Harvard University (A.M., Ph.D.,
Chemistry) in 2001 and 2004, respectively.
Managed Account clients and prospective clients should refer to the disclosures in relevant governing
documents, investment management agreements or private placement memoranda, as applicable, for
specific, comprehensive disclosures relating to the terms of advisory relationships, risks of investing, and
conflicts of interest particular to that relationship.
The Adviser has $18.7 million of client assets under management on a discretionary basis and no assets
under management on a non-discretionary basis. The closed-end fund has assets/proprietary capital of
approximately $66.8 million. The total closed-end fund and client assets under management amount to
approximately $85.5 million.