GDL Fund (GDL) : Financial Investment Management Group Ltd scooped up 63,045 additional shares in GDL Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 244,558 shares of GDL Fund which is valued at $2,404,005.GDL Fund makes up approximately 0.82% of Financial Investment Management Group Ltd’s portfolio.
Other Hedge Funds, Including , Blue Bell Private Wealth Management boosted its stake in GDL in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 2,059 shares of GDL Fund which is valued at $20,240. GDL Fund makes up approx 0.01% of Blue Bell Private Wealth Management’s portfolio.Msi Financial Services Inc reduced its stake in GDL by selling 716 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 31,319 shares of GDL which is valued at $308,179. GDL Fund makes up approx 0.01% of Msi Financial Services Inc’s portfolio.
The GDL Fund is a diversified closed-end management investment company. The Fund’s primary investment objective is to achieve absolute returns in various market conditions without excessive risk of capital. The Company invests in Health Care Energy and Utilities Retail Financial Services Automotive: Parts and Accessories Food and Beverage Telecommunications United States Government Obligations Computer Software and Services among others. Gabelli Funds LLC is the adviser to the Fund. The Fund will invest at least 80% of its assets under normal market conditions in securities or hedging arrangements relating to companies involved in corporate transactions or reorganizations giving rise to the possibility of realizing gains upon or within relatively short periods of time after the completion of such transactions or reorganizations. The Fund may invest a high percentage of its assets in specific sectors of the market to achieve a potentially greater investment return.