Gabelli to Lose $810 MM Subadvisory Contract
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Friday, September 10, 2004

Gabelli to Lose $810 MM Subadvisory Contract

One of Gabelli Asset Management's subadvisory clients will pull the largest of three portfolios that it has with the Rye, New York-based money manager in mid-November, the firm announced on Thursday. The assets represent 3 percent of total assets under management. Based on Gabelli's total assets under management base of $27 billion, that contract alone represents approximately $810 million.

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