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GAMCO Investors appoints MD of active ETF business

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GAMCO Investors has named Dennis J DeCore as a Managing Director to lead Gabelli Funds’ ETF business.

Gabelli Funds is a licensee of the Precidian Investments ActiveShares, a non-transparent, actively managed ETF which was recently approved by the SEC. Gabelli Funds expects that ActiveShares will be a significant offering to investors in the future.

DeCore has over 44 years of brokerage and asset management experience. Prior to joining Gabelli Funds in 2014, he was a Managing Director at Mitsubishi Securities where he executed share repurchases for large banking clients as well as implemented equity strategies for the firm’s proprietary account. As a Managing Director at Nomura Securities, DeCore co-managed a proprietary index arbitrage portfolio consisting of trading earning and funding spreads using equity positions, ETF’s and index futures and options. At Merrill Lynch, DeCore was a Managing Director where he co-founded and co-managed the Program Trading Department.

Mario Gabelli says: “We are delighted that Dennis, with his knowledge and experience will be leading us in the launch of our actively managed ETF investment products.”

Dennis holds a BS in Finance and Economics from Rider College and an MBA from New York University Stern School of Business.

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