Gabelli adds energy fund


Gabelli Asset Management, the New York-based mutual fund and hedge fund group headed by Mario Gabelli, has broadened the scope of its activities with the launch of an energy strategy. Energy Plus+ started trading on June 15.

It is managed by J. Iain Smith who, prior to rejoining Gabelli as a senior portfolio manager in 2002, was the founder and a general partner at energy hedge fund, Grove Energy, where he directed the firm's fundamental and technical research. On Energy Plus+ Smith is supported by a team of six analysts including Barry Abramson, James Foung, Josh Fenton, Juan Dominguez,