MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, September 24, 2010 Gabelli Will Have a New B-D By Yearend Gamco Investors is creating a broker-dealer that will focus solely on distributing the Rye, New York-based firm's mutual funds, and company officials expect the b-d to be up and running by yearend. As reported by The MFWire.com earlier this week, Gamco appointed Agnes Mullady as president of the open-end funds division and CEO of the currently-in-formation b-d. "We are going through the registration right now," Doug Jamieson, chief operating officer at Gamco Investors, told The MFWire.com in an interview on Friday. The name of the b-d and the exact number of people that will staff it have yet to be determined. "It will not have a large staff," Jamieson said. Currently, Gabelli's mutual funds are distributed by Gabelli & Company. "Gabelli & Company is known principally for its institutional research. That's the core of the business and that will remain," Jamieson said. Printed from: MFWire.com/story.asp?s=33529 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |