RYE, N.Y.--(BUSINESS WIRE)--
GAMCO Investors, Inc. (NYSE:GBL) today announced that it has partnered
with Japan-based DIAM Asset Management to launch a Japanese open-ended
fund (investment trust), “The Beikoku Wariyasukabu Fund,” an All Cap
Value fund nicknamed “The Value Hunter.” The fund will open on March 19,
2014. The application was filed with The Kanto Finance Bureau on
February 14, 2014 and will be distributed by Resona Bank, Ltd., Saitama
Resona Bank Ltd., and Kinki Osaka Bank, Ltd.
GAMCO Asset Management, Inc. (GAMCO) is the Fund’s sub-advisor and will
pursue an All Cap Value mandate based on the firm’s proprietary Private
Market Value with a CatalystTM approach to Value Investing.
This is GAMCO’s first sub-advised relationship in Japan. GAMCO
established an office in Tokyo – Gabelli Asset Management Tokyo – in
June 2011. “What began as an expansion of GAMCO’s research efforts in
Asia has evolved into a flourishing business center and an asset
gathering hub for the region,” said Mario J. Gabelli, Chairman & CEO –
GAMCO Investors Inc.
Michael M. Gabelli, Chairman & CEO of Gabelli Japan K.K., added, “We are
privileged to have partnered with DIAM Asset Management to bring
Gabelli’s value investing methodology to the Japanese investor. We have
been investing in the Japanese equity markets for nearly three decades
and are excited to launch a U.S. All Cap Value portfolio specifically
for the Japanese marketplace.”
The fund will be managed by Kevin V. Dreyer, Christopher J. Marangi,
Jeffrey J. Jonas CFA, and Mario J. Gabelli CFA. GAMCO’s 30+ analysts
will support the Portfolio Managers’ efforts by identifying companies
using GAMCO’s unique Private Market Value with a CatalystTM
approach. This is a proven, consistent, and repeatable process based on
the value investing principles articulated by Benjamin Graham and David
Dodd in 1934.
GAMCO Investors, Inc., through its subsidiaries, manages private
advisory accounts (GAMCO Asset Management Inc.), mutual funds and
closed-end funds (Gabelli Funds, LLC), and partnerships and offshore
funds (Gabelli Securities, Inc.). As of December 31, 2013, GAMCO had
$47.0 billion in assets under management.
This document does not constitute an offer to anyone, or a solicitation
by anyone, to subscribe for shares of “The Value Hunter Fund”(the
"Fund"). The Fund is a Japanese registered trust and not offered for
sale to US investors. Nothing in this document should be construed as
advice and is therefore not a recommendation to buy or sell shares.
GAMCO Asset Management, Inc. is a registered investment advisory firm
that provides investment management services to corporate retirement,
public and union retirement plans, endowments, foundations and mutual
Gabelli Japan K.K.
Michael M. Gabelli
Chairman & CEO
Source: GAMCO Investors, Inc.