Convexitas

What Convexitas does

Convexitas LLC is a Chicago-based, privately held asset manager founded around 2021 that builds discretionary investment strategies on equity derivative overlays for registered investment advisors, family offices, smaller institutions, and private funds. The firm positions itself as a fiduciary whose mandate is to manage portfolio-level liquidity in all market conditions, addressing what it characterizes as a failure of traditional diversification during correlated sell-offs.

The product suite is anchored by Tail Liquidity, an always-on overlay designed to capture equity downside in exchange for limited upside drag and to deliver negatively correlated returns without relying on correlation assumptions. Two additional strategies — the Concentrated Correlation Harvester (CES), an absolute-return strategy harvesting structural inefficiencies in concentrated stock hedging flows, and Enhanced Semis, a sector overlay on semiconductors — broaden the menu. Underpinning these strategies is a proprietary Python-based technology stack used for portfolio management, risk monitoring, daily dashboards, purpose-built reconciliations, and continuous risk-based guardrails; a Client Portal providing virtual due diligence, mandate positions, guardrail performance, scenarios, and commentary is in development.

The revenue model is AUM-based investment management fees, with disclosed strategy minimums starting at $300,000, anchoring distribution to HNW, family office, and institutional mandates. Go-to-market combines direct Advisor Sales Representative prospecting of independent RIAs and large wealth platforms, institutional separate account mandates, and channel distribution through the SMArtX Advisory Solutions Manager Marketplace. Marketing is anchored by CIO Zed Francis's recurring media presence on Schwab Network, the Prof G Markets podcast, and the RCM Alternatives Derivative podcast, complemented by webinars, e-books, and a research blog. The firm remains small (1-10 employees), co-founder owned (Devin Anderson CEO, Zed Francis CIO, Brian Wysocki COO), and early in its distribution buildout.

Name

Convexitas

Legal name

Convexitas LLC

Website

https://convexitas.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Convexitas is a Chicago-based, founder-owned asset manager that builds discretionary equity derivative overlay strategies — anchored by its Tail Liquidity product — for RIAs, family offices, and small institutions.

Ownership category

akta.pro rank

Product category

Investment Management / Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAAACAG

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions)

Financial & Insurance/Asset & Wealth Management/Registered Investment Advisors (RIAs) & Independent Wealth Managers

Keywords

• Equity derivative overlays
• Volatility management strategies
• Tail risk hedging
• Discretionary asset management
• Portfolio construction tools

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: Convexitas generates revenue through investment management fees charged on assets under management. The firm manages discretionary investment strategies focused on equity derivative overlays for families and institutions. As an asset manager, fees are likely assessed as a percentage of AUM.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

Convexitas is a fiduciary asset manager that delivers discretionary equity-derivative overlay investment strategies—including Tail Liquidity, Enhanced Semis, and the Concentrated Correlation Harvester (CES)—to registered investment advisors, family offices, and institutional clients. The strategies are designed to provide liquidity, downside protection, tax efficiency, and capital efficiency without requiring cash allocation or collateral, and are supported by a proprietary technology platform that includes daily client dashboards and risk-based guardrails.

Product overview

Convexitas is an asset manager offering discretionary investment strategies built on equity derivative portfolio-level tools. The core product is Tail Liquidity, an always-on liquidity solution for portfolio construction. The company also offers Enhanced Semis for semiconductor sector exposure and Concentrated Correlation Harvester (CES), an absolute return strategy. A Client Portal is under development for client access to due diligence data and mandate information.

Differentiator

Problem solved

Functional benefit

Brands

• Tail Liquidity: Strategy that captures downside protection in exchange for minimal upside drag, designed as an always-on liquidity solution for portfolio construction.
• Concentrated Correlation Harvester (CES)
• Enhanced Semis

Products and services

• Tail Liquidity
• Concentrated Correlation Harvester (CES)
• Enhanced Semis
• Client Portal

Quantifiable outcome

• Target profile: capture 50% of market downside in exchange for giving up 20% of upside
• +1 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• SMArtX Advisory SolutionscoreChannel Partner/ Reseller/ Distributor · 13 October 2025SMArtX Advisory Solutions expanded its Manager Marketplace by adding 5 new investment strategies from Convexitas, increasing its total offerings to 1,561 strategies from 320 firms. This partnership provides Convexitas with access to SMArtX's network of financial advisors and wealth management clients through a digital marketplace platform.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Allianz Investment Management (options strategies): Global asset manager with structured equity and options overlay capabilities serving institutional and intermediary clients. Competes in the broader overlay/derivatives segment but operates at a much larger scale.
• Parametric Portfolio Associates: Large customized equity, options overlay, and direct indexing manager owned by Morgan Stanley. Competes with Convexitas on institutional and family office overlay mandates but at materially greater scale.
• Calamos Advisors: Established asset manager with deep options-based strategies across mutual funds, ETFs, and SMA mandates. Overlaps with Convexitas in advisor-sold derivative strategies but serves a far broader audience.
• CBOE Vest: Options-based ETF manager spun out of CBOE with a broad suite of buffer, income, and overlay funds. Competes for advisor allocations seeking derivative-based risk management in an ETF format.
• Neuberger Berman Options Overlay Group: Large traditional asset manager with a dedicated options overlay practice serving institutional and intermediary clients. Represents the kind of scale incumbent Convexitas competes against for advisory overlay mandates.

Direct peers

• Gateway Investment Advisers: Long-standing options overlay manager offering hedged equity strategies for advisors and institutions. Directly comparable in product (option-based equity overlays) and customer base (RIAs, family offices, consultants).
• SpiderRock Advisors: Options and derivative overlay specialist serving RIAs and institutions. CIO Zed Francis previously managed derivative overlays at SpiderRock, and the firm offers comparable equity option strategies for advisor-sold portfolios.
• Swan Global Investments: Defined-outcome and hedged equity manager offering options-based strategies for RIAs and family offices. Comparable in size and product focus (option overlays for advisors) but with longer live track record.
• ZEGA Financial: Derivative-based asset manager offering options overlay and absolute return strategies for advisors. Listed alongside Convexitas on the SMArtX Manager Marketplace and competes for the same RIA and family office mandates.

Emerging players

• OverlayShares: ETF issuer offering actively managed derivative overlay funds for advisors. Pursues the same capital-efficient hedge narrative as Convexitas but via exchange-traded wrappers rather than SMAs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/convexitas

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Convexitas