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I'm seriously considering selling my stake in GGZ, Gabelli Global Small Cap CEF, after reading this article about how Mario and his kin have locked up ownership of Gamco and related enterprises. Sleaze, in a word.
I and family have long held GABEX, GABSX, and WEMMX. Periodically I reconsider and research competition, chiefly for the reasons mentioned. Their performance, including bear behavior, is pretty good, especially the last two. I guess I will now do another round of reconsideration and research.
We've got some GABEX too, and sometimes I wonder if it's pretty much of a closet index fund for the S&P 500. Overall the performance has been reasonable, though.
Comments
Regards,
Ted
Regards,
Ted
http://www.mutualfundobserver.com/discuss/discussion/21346/super-mario-a-shareholder-advocate-in-word-but-not-in-practice/p1