Gabelli Funds launches UCITS III SICAV.
"Our first UCITS III SICAV fund - GAMCO Strategic Value - is a Luxembourg-based UCITS III compliant fund that will be offered globally to institutional and retail investors and will initially register retail shares in the U.K. and Switzerland," GAMCO said.
The fund's investment team is lead by Mario Gabelli, who manages six 5 Star Morningstar rated (8-31-10) funds and has managed the Standard & Poor's AAA rated GAM GAMCO Equity fund, for London based GAM, since its inception in October of 1987.
The Advisory Board of the fund includes Karl Otto Pohl, the former President of the German Bundesbank from 1980 to 1991.
The Administrator and Custodian is JP Morgan Bank Luxembourg and the Auditor is Deloitte. The fund will provide weekly liquidity and has an annual management fee of one per cent for institutional investors and 1.5 per cent for the retail share class. The performance fee is 20 per cent and is subject to a high water mark.
2009 CPI Financial. All rights reserved.
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|Date:||Sep 28, 2010|
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