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GAMCO Investors, Inc. (NYSE:GBL) is a prominent investment advisory services provider for various types of investors. Established in 1977 by Mario J. Gabelli, the company is renowned for its research-driven equity investment approach and the proprietary Private Market Value (PMV) with a Catalyst™ stock selection strategy. With $39.7 billion assets under management (AUM) as of December 31, 2016, 95% of which is invested in equities, GAMCO operates through two registered investment advisers: GAMCO Asset Management Inc. (institutional and private wealth management) and Gabelli Funds, LLC (funds). G.Distributors, LLC serves as an underwriter and distributor for the company's open-end funds.
The Gabelli U.S. Treasury Money Market Fund (NASDAQ: GABXX) has been recognized in Forbes Advisor’s Best of 2023 list. The Fund, managed by Gabelli Funds, LLC, is distinguished by its exclusive investment in U.S. Treasury securities, providing a competitive after-tax yield with total expenses capped at 0.08%. This fund's objective centers on generating high current income while preserving principal and ensuring liquidity. However, investors should note that investments in the Fund are not insured by any government agency, and while the Fund aims to maintain a value of $1.00 per share, there is potential for loss.
For further inquiries, Gabelli Funds provides support via their contact numbers.
GAMCO Investors, Inc. (GAMI) announced that it anticipates reporting first quarter 2023 diluted earnings between $0.60 and $0.66 per share, compared to $0.66 per share for the same period in 2022. As of March 31, 2023, GAMI's assets under management reached $30.7 billion, an increase from $29.3 billion at the end of 2022. Detailed financial results will be disclosed in early May. GAMI employs a research-driven value investment approach and operates through subsidiaries including Gabelli Funds and GAMCO Asset Management, serving various clients including institutions and retail investors. The company has a diverse investment product range, covering Value and Growth Equity, SRI, and sector-focused strategies.
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