GAMCO’s Gabelli backs Gondor Capital hedge fund

Billionaire Mario Gabelli (pictured), the founder of the Gabelli Asset Management Company Investors (GAMCO Investors), is backing New York-based hedge fund management firm Gondor Capital Management by investing in its domestic hedge fund Gondor Partners LP.

Gabelli’s assistant Betsy Dunn said that Mario has confidence with Vincent Au’s understanding of the markets and generating above-average profits.