Meet a Gamco-Adjacent Star
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Wednesday, July 25, 2018

Meet a Gamco-Adjacent Star

Fundsters who are avid watchers of Mario Gabelli might want to take a look at a recent Forbes article.

Mario Gabelli
Founder, Chairman, CEO
The publication profiles Nicholas Galluccio, the 68-year-old president and CEO of Teton Advisors, a publicly traded Gamco spinoff 51-percent owned by Gabelli (and 20 percent owned by Galluccio). Teton's stock has grown more than 17-fold since the spinoff nine years ago, and the small-cap value specialist now has $3.3 billion in AUM.

The article includes the usual PM profile tidbits, like investing and favorite stock picks. Yet the piece also gives fundsters a glimpse into Galluccio's history: from guitar teacher, to English literature student (and master's degree holder), to journalist, to MBA, to Lehman Brothers analyst, to TCW, and finally to Teton in 2007. The article also mentions Teton's integration of Keely Asset Management, which Teton bought in 2017.

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