Mr. Gabelli serves as a member of our Board of Directors and Chairman since 2019 and served as interim Chief Executive Officer from October 2021 to April 2023 until Mr. Bondi's election. He also serves in various executive roles across affiliates. Since its formation, Mr. Gabelli has served as President and Director of GGCP, Inc., the parent company of the Gabelli organization. Among GGCP's investment advisory businesses, GGCP is the controlling shareholder of Teton Advisors, the controlling shareholder of GAMCO Investors, Inc. (GBL:NYSE), and Associated Capital Group, Inc. (AC:NYSE) where Mr. Gabelli was President at its formation through to. He is Chairman of the LGL Group (LGL: NYSE MKT) and the Gabelli Merger Plus Trust PLC (GMP: LSE) a London Stock Exchange listed company, and serves as a director of LICT Corporation. Mr. Gabelli has been Co-Chief Executive Officer of Gabelli Securities International Ltd, since 1994, Managing Partner of Swiss based GGCP since 2012 and GAMA Funds Holdings GmbH since 2010 and Gabelli & Partners Italia Sri. and Gabelli Value for Italy SPA (VALU: IM), a Milan stock exchange listed corporation at formation in 2018. A fund manager since 1990, Mr. Gabelli's focus is global value investments with portfolio assignments including alternative and traditional asset classes. Starting in the 1990's, Mr. Gabelli managed several Morningstar five star mutual funds in the United States and Canada. He managed the Lipper #1 rankedU.S. global equity mutual fund since inception, the Gabelli Global Growth, and in Canada managed the award winning Ifive star SVC O'Donnell Mid Cap Value fund since inception. In corporate matters, he assisted on various Gabelli group restructurings such as GAMCO's initial public offering in 1999 and the subsequent formation of AC in 2015. He built the Gabelli hedge fund platform, Gabelli & Partners, LLC, and expanded the business internationally, opening the GAMCO's London and Tokyo offices. In venture capital, Mr. Gabelli has been active in both early stage and growth investments as a fiduciary and as a General Partner, including OpNet Partners in 2001, a Gabelli venture capital fund focused on optical networking technologies. Today, he manages primarily alternative investments. Mr. Gabelli is active in a variety of charitable efforts in the United States, Europe and the United Kingdom. He began his career with Lehman Brothers International in equity research covering international telecommunications and metals mining and metallurgy10:13companies, and later in equity arbitrage including cross asset special situations. He received a Bachelor's degree in economics from Boston College, a Master's in Government from Harvard University with research conducted through the Davis Center focusing on Russian agricultural trade policy, an MBA from the Massachusetts Institute of Technology, and is a graduate of the Fordham Preparatory School in the Bronx, New York.
Wednesday Investor Session 1/31/2024
Pros & Cons of Microcaps vs. Larger NYSE & NASDAQ Companies
- Microcaps far more often undervalued compared to their bigger brothers on large exchanges
- Potential for greater returns with microcaps and small caps
- Many microcaps represent ground-floor investment opportunities
- Cons: stock volatility, low liquidity, typically much greater risk
- Minimal public information about some microcap companies makes analysis difficult