The GDL Fund (GDL) NYSE

8.37

-0.005(-0.06%)

Updated at January 14 02:38PM

Currency In USD

The GDL Fund

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

April 23, 2007

Key Executives

NameTitlePayYear Born
Mario Joseph GabelliPortfolio Manager01942
Bruce N. AlpertExecutive Vice President & Chief Operating Officer01952
Carter W. AustinSenior Vice President01966
David I. SchachterVice President01953

Description

The GDL Fund is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in securities of companies involved in publicly announced mergers, takeovers, tender offers, and leveraged buyouts. It also invests in companies undergoing corporate reorganizations involving stubs, spin-offs, and liquidations. The fund benchmarks the performance of its portfolio against Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index. It was formerly known as Gabelli Global Deal Fund. The GDL Fund was formed on October 17, 2006 and is domiciled in the United States.