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The Gabelli Mathers Fund is an open-end mutual fund managed by Gabelli Funds, LLC, a subsidiary of GAMCO Investors. Originally established as the Mathers Fund in 1965, it was acquired by the Gabelli organization in 1999 and is recognized for its historically defensive investment posture. The fund's primary investment objective is capital appreciation, which it pursues by investing in common stocks while frequently employing hedging strategies, such as short selling and maintaining significant cash positions, to mitigate market volatility. It is a financial investment vehicle rather than a biotechnology or life sciences research company.
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