Assets under management were more than$ 28.7 billion as of June 2022, and the firm has more than 40 analysts and a handful of long-tenured managers. Despite its ample resources and some recent changes, the 80-year-old Gabelli still has a lot on his plate, and succession concerns endure.
Gabelli is starting to unload some responsibilities, but he still holds significant power and influence at the firm as a portfolio manager and CEO. As of July 2022, Gabelli had no plans to retire, but in August 2022 the firm appointed Doug Jamieson to the office of the CEO alongside Gabelli to assist with operational duties. On the investment side, co-CIOs Kevin Dreyer and Chris Marangi have been more involved in analysts' research and management and are managing all new institutional assets. Still, this transition of power has been a slow work in progress. Gabelli manages 19 funds, four of those solo. Even on the team-managed funds, Gabelli still has a significant amount of assets under his control. Further, Gabelli still controls more than 90% of the public firm's voting rights.
Gabelli Asset Management has not been willing to lower fees across its fund lineup. The firm retains its Below Average Parent rating.