GAMCO Investors, Inc formerly known as Gabelli Asset Management Company is a provider of investment advice and brokerage services to mutual funds, institutional and select investors. One of the companies key elements of their success is the investment research publishing. It is listed on the New York Stock Exchange

New York Stock Exchange

The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...

 under the symbol GBL. The company was founded by Mario Gabelli

Mario Gabelli

Mario Joseph Gabelli is an American stock investor, investment advisor, and financial analyst. He is the founder, chairman, and CEO of Gabelli Asset Management Company Investors a $30 billion dollar global investment firm headquartered in Rye, New York...

 and is based in Rye, New York

Rye (city), New York

Rye is a city in Westchester County, New York, United States. It is separate from the town of Rye, which is larger than the city. Rye city, formerly the village of Rye, was part of the town until 1942, when it received its charter as a city, the most recent to be issued in New York...

. In 2005, the company elevated the brand name 'GAMCO' from its asset management business to become the name of the entire company.

The company made a Public offering (IPO) in 1999; Mario Gabelli owns a 50% stake and Bill Gates

Bill Gates

William Henry "Bill" Gates III is an American business magnate, investor, philanthropist, and author. Gates is the former CEO and current chairman of Microsoft, the software company he founded with Paul Allen...

through his investment group Cascade, LLC owns 1.3%.

History

GAMCO Asset Management, Inc. (GAMCO) was formed in 1977 to provide discretionary investment services to a broad spectrum of investors. The principal objective is to seek long term capital appreciation primarily through the equity markets by applying an analytical process to management of client portfolios. The Firm's client base includes corporate pension and profit sharing plans, municipalities, substantial private investors and individuals via the Gabelli Family of Funds.

Controversy

In March 2006, a judge determined Mario Gabelli had unfairly prevented a long time investment partner and Gabelli's former lawyer Mancheski and Perlmutter from selling their shares in Gabelli Group Capital Partners. In the settlement Gabelli paid the couple $100 million that would amount to a total of 2.1 million Gamco shares, currently worth about $80 million, and more than $20 million in cash.

External links

• Official website
• Funds page