The investment seeks long term capital appreciation. The fund invests primarily in equity securities of companies which the investment adviser believes are undervalued and have the potential to achieve significant capital appreciation. It may invest up to 50% of its total assets in securities for which a tender or exchange offer has been made or announced and in securities of companies for which a merger, consolidation, liquidation, or similar reorganization proposal has been announced ("reorganization securities"). The fund may also invest up to 25% of its total assets in the securities of non-U.S. issuers.
Fund filings (PDF) »
Christopher Marangi (Started: Sep 10, 2007)
Mario Gabelli (Started: Sep 29, 1989)
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