Peter S. Lynch 2024 Recipient of Graham & Dodd, Murray, Greenwald Prize

Rhea-AI Summary

Gabelli Funds announced Peter S. Lynch as the 2024 recipient of the Graham & Dodd, Murray, Greenwald Prize for Value Investing. The award was presented at Gabelli Funds' thirty-ninth client conference in New York on May 10th. Peter Lynch, renowned for his tenure with the Magellan Fund, grew its assets from $20 million to over $14 billion by 1990. Lynch is also a best-selling author and has been inducted into the National Business Hall of Fame. The Gabelli Prize, established in 2005 and funded with $1 million, honors significant contributions to value investing.

Positive

• Peter S. Lynch is recognized with the prestigious Graham & Dodd, Murray, Greenwald Prize, adding credibility to Gabelli Funds.
• The award reinforces Gabelli Funds' commitment to value investing, appealing to long-term investors.
• Peter Lynch's successful history with the Magellan Fund, growing it from $20 million to $14 billion, highlights the firm's expertise and successful track record.

Negative

• No immediate financial benefits or stock performance improvements are tied to the award announcement.
• The event is more symbolic and may not lead to immediate or direct gains for shareholders.

GREENWICH, Conn.--(BUSINESS WIRE)-- Gabelli Funds announces Peter S. Lynch as the 2024 recipient of the Graham & Dodd, Murray, Greenwald Prize for Value Investing. He was presented with the Prize at the firm’s thirty-ninth client conference on Friday, May 10^th in New York.

In announcing Peter S. Lynch as the 2024 recipient, Tano Santos, the Robert Heilbrunn Professor of Asset Management and Finance and Academic Director of the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School stated, “Given his accomplishments, Peter has made a lasting and important impact on the field of investing and should be recognized accordingly.”

Peter Lynch joined Fidelity Management and Research Company in 1969 as a research analyst. In May 1977, Mr. Lynch took over the Magellan Fund with $20 million in assets under management. By the time he retired from the fund in May 1990, the fund had grown to over $14 billion in assets with over a million shareholders. Peter is the author of “One Up on Wall Street”, a New York Times best-seller. He was recognized by the National Business Hall of Fame of both Fortune Magazine and Wall Street Week. A graduate of Boston College, he received his MBA from the Wharton School at the University of Pennsylvania. In 1994, he named Outstanding Alumnus by The Wharton School.

In 2005, Gabelli created the annual prize to honor an individual, student, or practitioner who has made an outstanding contribution to enlarge the field of value investing. Known as the “Gabelli Prize”, the company funded the prize with $1 million and presents the award at its annual client meetings.

GAMCO Investors, Inc. (OTCQX: GAMI), through its subsidiaries, manages assets of private advisory accounts (GAMCO), mutual funds and closed-end funds (Gabelli Funds, LLC) and is known for its Private Market Value with a Catalyst™ style of investment.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514476328/en/

Douglas R. Jamieson

President & Chief Operating Officer

(914) 921-5020

Source: Gabelli Funds, LLC

FAQ

Who received the 2024 Graham & Dodd, Murray, Greenwald Prize for Value Investing?

Peter S. Lynch received the 2024 Graham & Dodd, Murray, Greenwald Prize for Value Investing.

When was Peter S. Lynch awarded the Graham & Dodd, Murray, Greenwald Prize?

Peter S. Lynch was awarded the prize on May 10th at Gabelli Funds' thirty-ninth client conference.

What is Peter S. Lynch known for in the investment world?

Peter S. Lynch is known for managing the Magellan Fund from $20 million to over $14 billion in assets and for being a best-selling author.

What is the significance of the Gabelli Prize?

The Gabelli Prize, funded with $1 million, honors outstanding contributions to value investing.

What impact does Peter S. Lynch's award have on GAMI?

While the award adds prestige, it does not directly affect GAMI's financial performance or stock price.