GAMCO Investors Inc announced that its advisory subsidiary, Gabelli Funds LPARA_BREAK_SENTINEL_9f8e7d6c

GAMCO Investors Inc announced that its advisory subsidiary, Gabelli Funds LLC has launched a new Ucits sub-fund within the GAMCO International SICAV reported MarketWatch this week. GAMCO Merger Arbitrage will provide non-US investors with direct access to GAMCO’s merger arbitrage strategy and becomes the second sub-fund within the Lux-domiciled SICAV. Initially, the Ucits will be available to retail investors in Switzerland, Germany and Italy. Mario Gabelli and Ralph Rocco are to manage the fund. The firm has been running merger arbitrage portfolios since 1985 – Rocco has been a key member of the team since 1994. Commenting on the new fund, Gabelli was quoted as saying: “We are pleased to offer the GAMCO Merger Arbitrage sub-fund that combines our disciplined approach of investing in announced deals with our tradition of focusing on absolute returns.” JP Morgan Bank Luxembourg SA has been chosen as the fund’s administrator and custodian with Deloitte SA appointed as auditor. GAMCO Investors Inc, through its subsidiaries, manages approximately USD31.3billion in assets as of 30 September 2011.