GAMCO Investors, Inc. (New York Stock Exchange ('“NYSE”'): GBL) (Gabelli Asset Management Company ), a company incorporated under the laws of Delaware, is a provider of investment advisory services to open and closed-end funds, institutional and private wealth management investors, and investment partnerships, principally in the United States. It provides institutional research services to institutional clients and investment partnerships. Assets are generally manage on a discretionary basis and invest in U.S. and international securities through various investment styles.
The firm was formed in 1977. In 1985, it launched its first merger arbitrage investment partnership, The Gabelli Associates Fund. The Gabelli Asset Fund, its first open end mutual fund was launched in March 1986. This was shortly followed by The Gabelli Equity Trust, Inc., a closed-end, non-diversified management investment company, offered in August 1986. The Firm's Gabelli Family of Funds has 21 mutual funds and 11 closed-end funds. The client base includes corporate retirement plans, municipalities, Taft Hartley plans, foundations and endowments, substantial private investors and sub-advised assets. In March 2009, GAMCO distributed its ownership of Teton Advisers, a public company with $1.8 billion in AUM as of 9/30/2014, currently consisting of 7 mutual funds, including the Teton Westwood Mighty Mites Fund, and separate account assets.