MutualFundWire.com: Gabelli Taps an Assistant for a $2 Billion Fund

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Tuesday, September 8, 2009

Gabelli Taps an Assistant for a $2 Billion Fund

Kevin Dreyer is joining Mario Gabelli in managing the $2 billion Gabelli Asset Fund. Dreyer takes the title of associate portfolio manager, marking the first time in 23 years that someone is sharing portfolio management duties with Gabelli for that fund.

Mario Gabelli

The Asset Fund -- the first open-end fund launched by Gabelli Funds -- has been around since March 1986.

"We felt that Kevin was doing an extremely good job and this is an opportune time to add him to the fund," Doug Jamieson, president and COO of Gamco Investors, told The MFWire.

Dreyer joined Gamco in June 2005 as a research analyst. He will continue to serve as portfolio manager of the Gabelli Health & Wellness Trust, a member of the research team for the Gabelli Global Opportunities Fund, and head of the research team for the Food of All Nations sector.

Company Press Release

RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc. (NYSE:GBL - News) has named Kevin V. Dreyer as an Associate Portfolio Manager to The Gabelli Asset Fund, the first open-end fund organized by Gabelli Funds, LLC in March 1986. Mr. Dreyer joins Mario J. Gabelli, who has been the Fund’s sole portfolio manager since the inception of the Fund, to manage a portion of the assets of the Fund.

Commenting on the appointment, Mr. Gabelli said, “We are delighted to have Kevin work on The Gabelli Asset Fund. Kevin has made outstanding contributions in his role as an Associate Portfolio Manager of the Gabelli Healthcare and WellnessRX Trust and as a member of the Global Series Funds’ investment team. We look forward to him contributing investment ideas to The Asset Fund.”

Mr. Dreyer joined Gabelli & Company, Inc. as a research analyst following the completion of his MBA at Columbia Business School. He previously worked at Banc of America Securities following his graduation from the University of Pennsylvania.

GAMCO Investors, Inc. (NYSE: GBL - News), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Investment Partnerships) and is known for its Private Market Value with a Catalyst™ style of investment. As of June 30, 2009, GAMCO Investors, Inc. had $21.4 billion in assets under management.