VALUE

Philosophy

Our firm is credited by the academic community with establishing the Private Market Value with a Catalyst™ investment philosophy and applying this to the analysis of public equity securities. Our investment approach utilizes fundamental, bottom-up research to identify securities selling below their intrinsic value, and we seek to identify mispriced companies with strong businesses and the presence of a catalyst that will surface value.

Investment Research

The Equity research team includes approximately 40 sector-focused analysts that support value equity portfolio management, and also provide sector insights to all investment disciplines. The collaborative sector teams benefit from a shared investment philosophy: PMV with a Catalyst™.

Methodology

We seek to identify mispriced companies with strong businesses and the presence of a catalyst that can surface value. Investment teams utilize a broad universe in a benchmark-agnostic approach to cover all sectors of the market and identify evolving themes and value-based opportunities. Our fundamental, bottom-up investment process benefits from the compounded, accumulated knowledge of certain industries over many decades.

Institutional Composites
Composite NameInception Date
headset Contact us for more information
Management Team
Mario Gabelli
Mario Gabelli

CIO, Value

Columbia University - MBA

Chris Marangi
Chris Marangi

Co-CIO, Value

Columbia University - MBA

Kevin Dryer
Kevin Dryer

Co-CIO, Value

Columbia University - MBA

We employ a fundamental bottom-up Private Market Value with a Catalyst™ approach to the investment process. Our primary focus is to identify companies that are selling at a discount to their Private Market Value (PMV), with strong businesses and the presence of a catalyst that can surface value.
Important Information
Past performance is no guarantee of future results. The compound annual growth rates (“Performance”) set forth in the preceding page are derived from a composite that represents 190 accounts with an aggregate market value of $1.2 Billion in the All Cap Value strategy as of 12/31/2018. Not all accounts managed in the All Cap Value strategy are included in the composite. The average and median account size of the accounts in the composite is $6.3 Million and $1.8 Million, respectively. The largest account is valued at $112.4 Million and the smallest account at $345.9 Thousand. The composite represents fully discretionary accounts managed for the full period under measurement. The composite began on 2/1/11. The standard deviation of the composite returns is 0.8 %. Accounts in the composite are valued using trade date accounting and are time-weighted. The performance results include the reinvestment of dividends, interest, and/or capital gains as of the payment date. The performance results set forth are net of actual fees and actual transaction costs. All performance results are before taxes and custodial fees.
envelope Subscribe to our Newsletter