GAMCO Investors

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GAMCO Investors, Inc formely known as Gabelli Asset Management Company is a provider of investment advice and brokerage services to mutual funds, institutional and select investors. It is listed on the New York Stock Exchange under the symbol GBL. The company was founded by Mario Gabelli.

The company made a Public offering (IPO) in 1999; Mario Gabelli owns a 50% stake and Bill Gates owns 13%.

Contents

[edit] History

GAMCO Asset Management, Inc. (GAMCO) was formed in 1977 to provide discretionary investment services to a broad spectrum of investors. The principal objective is to seek long term capital appreciation primarily through the equity markets by applying our analytical process to management of client portfolios. The Firm's client base includes corporate pension and profit sharing plans, municipalities, substantial private investors and individuals via the Gabelli Family of Funds.

[edit] Philosophy

GAMCO Investors, Inc. is best known for its research-driven, value-oriented equity investing expertise which is based on the principles of Graham & Dodd -- that is, investing in undervalued companies that have a high probability of achieving their intrinsic or private value over time. The overall philosophy is based on a bottom-up approach to stock selection.

While GAMCO Investors, Inc. is known for its value oriented investment strategy, the Company has developed a diversified product mix, to serve the financial objectives of a broad spectrum of investors.

[edit] Mission Statement

Across all investment products the Firm's Mission Statement remains the same : "To earn a superior risk-adjusted return for our clients over the long-term by providing value-added(alpha) products. By earning returns for our clients, we will be earning returns for all our stakeholders: Our Shareholders, Our Professional Staff

[edit] Controversy

In March 2006, [1]a judge determined Mario Gabelli had unfairly prevented a long time investment partner and Mario's former lawyer Mancheski and Perlmutter from selling their shares in Gabelli Group Capital Partners. In the settlement Gabelli pays the couple $100 million that would amount to a total of 2.1 million Gamco shares, currently worth about $80 million, and more than $20 million in cash.

[edit] Reference

[edit] References

  1. ^ Sorkin, Andrew Ross. "Gabelli Settles Investor Suit for $100 Million", The New York Times, 2006-05-05, p. Late Edition - Final, Section C, Page 3, Column 3,. Retrieved on 2006-05-30.
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