Hedge Funds

Gabelli's willing to trade baseball cards

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Trading baseball cards is a pastime for many American kids. But if you grow up to become a money manager like Mario Gabelli, you might also get to own a big chunk of the company that makes collectors' cards. As it turns out, Gabelli's hedge and mutual funds own 7% of baseball cardmaker Topps. And Gabelli, in September, threw his weight behind a $386 million deal to privatize the company.