Gabelli launches fund for Catholic investors

Thu Jun 9, 2005

Rye, N.Y.-based Gabelli Asset Management has launched a "socially responsible" hedge fund that will cater to the demands of Catholic institutions seeking a hedge fund that does not invest in companies involved in abortion, contraception, stem cells, pornography or the defense sector.

The new fund, which will employ long/short value-and-merger-arbitrage strategies, is the fourth fund to be launched on its socially responsive investing platform, which the firm has operated since 1987.

The firm manages...


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