One Corporate Center
Rye, NY 10580-1422
Google Maps
Contact
Main Phone: 914-921-5100
Web Site:
http://www.gabelli.com/
Mutual Fund Brand(s)
Gabelli Funds
Research Links
Stock Data: SEC Filings | Yahoo! Quote
SEC Fund Filings by CIK
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Background:
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Mario Gabelli founded Gabelli & Co. in 1977 as an institutional broker-dealer firm. It has since rebranded as Gabelli Asset Management Company (GAMCO) Investors. The Gabelli Asset Fund opened to shareholders in 1986. GAMCO went public in 1999.
GAMCO offers domestic, global, and specialty equity funds, fixed income funds, and portfolios called the GAMCO Westwood Funds and the Comstock Funds.
Legal Disputes
In 2001, GAMCO became embroiled in a drawn-out lawsuit when lawyer Russell Taylor filed a claim against the firm, saying GAMCO was setting up sham small businesses in order to buy control of radio spectrum that the F.C.C. was auctioning. The Justice Department took over the case in 2006, and reached a settlement with investors in June of that year.
In 2008, the SEC sued Mario's son Marc Gabelli and Gabelli Funds' chief operating officer Bruce Alpert for allowing a hedge fund to engage in market timing using shares of a Gabelli fund. At the time, Gabelli Funds has already agreed to pay $16 million to settle related cases. A U.S. district court dismissed two large parts of the case involving fraud in March 2010.
Offices
GAMCO is headquartered in Rye, New York, and has offices in Greenwich, Connecticut, Palm Beach, Florida, Chicago, Minneapolis, St. Louis, Reno, Hong Kong, London, and Shanghai.
New B-D
GAMCO plans to launch a new broker-dealer, G.distributors LLC, on August 1, 2011. Agnes Mullady will be in charge of the new b-d, which will focus solely on distributing GAMCO's mutual funds. The funds are currently distributed by Gabelli & Company.
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Sponsored Opportunities
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Key People:
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Mario Gabelli
Chairman and CEO, Gamco Investors | Agnes Mullady
President and COO of the Open-End Funds Division, Gabelli Funds | Doug Jamieson
President and COO, Gamco Investors | Bruce Alpert
SVP, Gamco Investors |
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