The Board of Directors of GAMCO Investors, Inc. (NYSE:GBL) on February 22, 2010 announced the addition of Christopher J. Marangi to the investment team of the Gabelli Global Multimedia Trust. Mr. Marangi joins Mario J. Gabelli and Lawrence J. Haverty. In addition, the team’s research efforts will be augmented by Christopher Dixon, a ten-time member of Institutional Investor’s All American Research team in entertainment and the former global sector strategist for media at UBS.
The Gabelli Global Multimedia Trust (NYSE:GGT) is a non-diversified, closed-end management investment company with net assets of $139 million specializing in the media, publishing and entertainment industries on a global basis.
“Our understanding of the intersection of analog and digital worlds of media in all its evolving facets is under a superb investment team. Whether it’s entertainment in the gaming industry or wireless opportunities in Africa to the opportunities in 3-D in home entertainment, owners of Multimedia Trust should benefit,” adds Mario Gabelli.
Mr. Marangi joined Gabelli as an analyst in 2003, and currently leads the digital research team covering the global media and telecommunications industries. Mr. Marangi has appeared on Bloomberg television and radio and is frequently cited by publications including, the Wall Street Journal, Barron’s, Broadcasting & Cable and Hollywood Reporter. He has been the Associate Portfolio Manager of the Gabelli Value Fund since 2006. Prior to joining the firm, Mr. Marangi was an investment banking analyst at J.P. Morgan & Co., and then an Associate at Wellspring Capital Management, a private equity firm. He graduated magna cum laude and Phi Beta Kappa from Williams College and holds an MBA from Columbia University Graduate School of Business.Mr. Dixon currently serves as strategic advisor and Managing Director, Media Investments. Before he joined the firm, Mr. Dixon was an analyst with Kidder, Peabody, moving to Paine Webber and then UBS Warburg following Paine Webber’s acquisition by UBS, in the entertainment, cable and broadcasting sectors. A graduate of the University of Pennsylvania, Mr. Dixon received an MBA from New York University’s Stern School of Business, where he currently teaches as an adjunct professor.