Compelo Banking is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

GAMCO Investors launches Gabelli Focus Five Fund

US-based asset manager GAMCO Investors has launched the Gabelli Focus Five Fund, a concentrated fund that will seek to invest up to 50% of the fund in five companies.

The remaining 50% of the fund is expected to invest in no more than twenty additional equity securities, short-term high-grade liquid investments or cash equivalents.

The fund will be managed by Daniel Miller, currently president of Gabelli & Company, along with Sarah Donnelly and Elizabeth Lilly.

According to GAMCO, the Focus Five Fund represents a change in direction for the Gabelli Woodland Small Cap Fund and will continue to invest at least 80% of its assets in small cap companies during the notice period.

GAMCO Investors chairman & CEO Mario Gabelli said that the launch of the Gabelli Focus Five Fund underscores their commitment to fundamental bottom-up research.

"Dan has been a key driver in creating and selecting the Focus Five with our research team. The result is a fund concentrated in the great research ideas generated by our team of analysts, added Gabelli.