GAMCO Asset Management to Induct Three Honorees to Management Hall of Fame

RYE, N.Y.--(BUSINESS WIRE)--GAMCO Investors, Inc. (NYSE:GBL) announced today that Jim Marino, President and CEO of Alberto-Culver; John McFarland, Chairman & CEO of Baldor Electric and Ronald Weinberg, former Chairman of Hawk Corporation will be inducted into the GAMCO Management Hall of Fame at the firm’s twenty sixth annual client conference this Friday in New York. They join seventy-three previously inducted corporate leaders, including Sumner Redstone, Rand Araskog, Barron Hilton and Robert Johnson.

“All of us at GAMCO congratulate Jim, John and Ron on this great and well deserved honor”

The GAMCO Management Hall of Fame was established 1990 to honor corporate executives for their outstanding contributions in enhancing shareholder value. The selection process starts with Gabelli research on the company and includes the following criteria:

• creating shareholder value,

• earning a superior rate of return over the long term.

The Hall of Fame builds on the philosophical underpinnings of the firm’s fundamental research, as presented in Security Analysis (1934) by Ben Graham and David Dodd. In it, Graham and Dodd presented principles and techniques to measure asset values and cash flows in what is the methodology to evaluate individual companies. They created the profession of security analysis using an investment process that is known today as value investing.

“All of us at GAMCO congratulate Jim, John and Ron on this great and well deserved honor,” said Mario Gabelli, chairman and chief executive of GAMCO Investors, Inc.

GAMCO Investors, Inc., through its subsidiaries, manages private advisory accounts (GAMCO Asset Management Inc.), mutual funds and closed-end funds (Gabelli Funds, LLC), and partnerships and offshore funds (Gabelli Securities, Inc.). As of March 31, 2011, assets under management (AUM) were $35.4 billion.

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