Gabelli Plans ‘Green’ Hedge FundThe following piece on Mario Gabelli is being published as part of our daily effort to track hedge fund events in the industry. To review other hedge fund related announcements please see our Hedge Fund Tracker Tool.
Noted investor Mario Gabelli is joining the green bandwagon.
The CEO of Gamco Investors said in a Bloomberg Television interview that he’s launching a hedge fund to invest in environmentally-friendly companies, the latest in a string of green ventures on the part of alternative investment firms. “We think there’s money in alternative energy,” he said.
In recent months, such firms as Och-Ziff Capital Management, GLG Partners, GAM, ABN Amro, Ermitage Group, PCM Capital and Akeida Capital Management have launched funds to exploit opportunities in the alternative energy space. More...
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Tags: Mario Gabelli, Gamco Investors, environmentally-friendly companies, alternative energy, Och-Ziff Capital Management, GLG Partners, GAM, ABN Amro, Ermitage Group, PCM Capital, Akeida Capital Management