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...