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Gabelli Funds Inc

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April 8, 1999 | Bloomberg News
Howard Ward, manager of the $2-billion Gabelli Growth fund, has avoided surging Internet stocks and lived to tell about it. Even without significant "pure play" Internet investments, Gabelli Growth ranks in the top 7% of U.S. growth funds--No. 37 out of 592--over the last three years, according to Bloomberg Fund Performance. Its 31.4% average annual return beat the Standard & Poor's 500 index, up 28.6% annually in the same period.
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BUSINESS
April 8, 1999 | Bloomberg News
Howard Ward, manager of the $2-billion Gabelli Growth fund, has avoided surging Internet stocks and lived to tell about it. Even without significant "pure play" Internet investments, Gabelli Growth ranks in the top 7% of U.S. growth funds--No. 37 out of 592--over the last three years, according to Bloomberg Fund Performance. Its 31.4% average annual return beat the Standard & Poor's 500 index, up 28.6% annually in the same period.
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BUSINESS
April 6, 1999 | From Bloomberg News
The $2-billion Gabelli Growth Fund sold its remaining stake in Charles Schwab Corp. for more than $19 million, completing a process it began three months ago because the price had risen too high, portfolio manager Howard Ward said Monday. Gabelli Growth, which owned 750,750 shares of Schwab at the end of 1998, has been selling blocks of 5,000 to 10,000 shares since the beginning of this year, Ward said.
BUSINESS
June 7, 1994 | LESLIE HELM, TIMES STAFF WRITER
Joining in the trend toward broken engagements, Sprint Corp. and Electronic Data Systems Corp., GM's computer integration subsidiary, said Monday that they have cut off their merger talks. The proposed marriage, designed to combine the two companies into a publicly held, $20-billion-a-year telecommunications and computer behemoth, foundered on Sprint's insistence that it be valued at a 20% to 30% premium above its market price.
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