Gabelli Investment Management Firm recently released its "ABC Fund” second-quarter 2026 investor letter. The Fund benefited from a favorable merger-arbitrage environment in the second quarter of 2026, as global announced M&A value reached a record $2.85 trillion in the first half of the year, up 50% year-over-year, while second-quarter deal value rose 31% to $1.6 trillion. The fund’s Class I shares returned 2.08% during the quarter, outperforming the 0.84% return of the Lipper U.S....
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