Hedge Funds

Gabelli to back Mantle launch in the New Year

by

Gabelli alum Christopher Mantle is launching a long/short equity fund to invest in wireless companies - and will do so with the backing of his former boss Mario Gabelli.

Mantle is offering the fund through the Widat Group, an independent equity research firm he founded in 2003. Mantle hopes to raise $100 million for a January launch, as he believes that the ongoing rapid growth and adoption of the use of wireless data will continue to create investment opportunities.

 Christopher Mantle

The fund employs two analysts and will focus on a universe of about 150 stocks. The