Gabelli Value Plus+ Trust joins Main Market
Headquartered in New York, GAMCO Investors (The Gabelli Asset Management Company) was founded in 1977 by the renowned value investor Mario Gabelli. Since then, the firm has operated under a simple premise: to earn a superior return for clients through the implementation of its proprietary Private Market Value (PMV) with a CatalystTM approach to value investing. This investment focus has remained unchanged since the firm’s beginning.
The launch of the Gabelli Value Plus+ Trust marks an important event in the firm’s history. "The UK market is highly sophisticated. We are delighted to be entrusted with the opportunity to grow wealth for the UK investor via the strengths of an investment trust vehicle. The investment trust industry can trace its foundations to the UK, and the LSE’s offering remains a ‘best in class’ choice for the closed ended structure globally," said Marc Gabelli, Chief Executive of Gabelli Securities.
The organisation is known for the rigorous application of this fundamental value investing discipline. The firm uses the conduit of the public markets to invest in businesses that they would own in their entirety. This approach is fully utilized by our portfolio teams in a repeatable and consistent fashion globally. As value investors, Gabelli invests with a margin of safety, but also with an identifiable return parameter through the catalyst. This positions portfolios in front of significant corporate activity.
GAMCO is publicly traded on the NYSE (GBL) and consists of over 200 proven and tenured investment professionals. The company is entrusted with approximately $50 billion dollars of assets under management. Clients include corporate pensions, endowments, high net worth families, and retail funds. Within this, Gabelli manages 11 NYSE traded closed end equity funds with approximately $7.5 billion AUM, making it one of the largest closed end managers in the USA. Gabelli opened its London research office in 2000 to service its portfolio management activities.