Associated Capital Group, Inc. (NYSE: AC) is a Delaware corporation specializing in alternative investment management services and direct investment activities. The company manages assets across risk and event arbitrage portfolios and equity event-driven value strategies, aiming to generate absolute positive returns. It also engages in proprietary investments to seed new products, expand geographic presence, and pursue strategic acquisitions and alliances.
- Investment Advisory and Incentive Fees - Provides management and incentive fees based on assets under management and investment returns, focusing on merger arbitrage and event-driven value strategies.
- Direct Investment Business - Utilizes proprietary investments to develop new markets, seed products, and pursue strategic acquisitions and alliances.
- Private Equity Initiatives - Focuses on acquiring privately owned, family-started businesses through Gabelli Private Equity Partners, LLC.
- Strategic Operating Initiatives - Pursues strategic operating initiatives through Gabelli Principal Strategies Group, LLC.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Mario J. Gabelli ExecutiveBoard | Executive Chair | Chair and Co-CEO of GAMCO Investors, Inc.; Chair of LICT Corporation; CEO of LICT Corporation; CEO, Director, and Controlling Shareholder of GGCP, Inc.; Portfolio Manager at GAMCO Asset Management Inc. | Mario J. Gabelli has been the Executive Chair of AC since November 30, 2015 and previously served as CEO until November 2016. He is a veteran leader with extensive experience at GAMCO and other companies. | |
Ian J. McAdams Executive | Chief Financial Officer (CFO) | Ian J. McAdams has been serving as the Chief Financial Officer (CFO) of AC since November 2023. He previously held roles as Interim Co-Chief Financial Officer from July 2022 to October 2023 and as Manager – External Reporting and Technical Accounting until June 2022. | ||
Patrick B. Huvane Executive | Interim Chief Executive Officer | CFO at Teton Advisors, Inc.; Executive Vice President - Business Development at The LGL Group, Inc. | Patrick B. Huvane has been the Interim Chief Executive Officer and Principal Executive Officer of AC since March 17, 2025. He previously served as Interim Co-Chief Financial Officer from July 2022 and as Vice President – Corporate Strategy starting in November 2023. | View Report → |
Peter D. Goldstein Executive | Chief Legal Officer and Secretary | Chief Legal Officer of GAMCO Investors, Inc. | Peter D. Goldstein has served as Chief Legal Officer and Secretary at AC since April 16, 2021 and also serves as Chief Legal Officer at GAMCO Investors, Inc., demonstrating extensive legal and compliance expertise. | |
Bruce M. Lisman Board | Director of Associated Capital Group | Director of National Life Group; Director of Myers Industries; Board Member of Bank of Burlington; Board Member of Strattec Security Corporation | Bruce M. Lisman has been a director at AC since November 30, 2015. He brings extensive board experience from his roles at National Life Group, Myers Industries, Bank of Burlington, and Strattec Security Corporation. | |
Daniel R. Lee Board | Director | CEO, President and Director of Full House Resorts, Inc. | Daniel R. Lee has served as a Director of Associated Capital Group (AC) since November 30, 2015. He brings extensive executive experience from his role as CEO, President, and Director at Full House Resorts, Inc. since December 2014. | |
Douglas R. Jamieson Board | Director | Douglas R. Jamieson served as President and CEO of AC from November 2016 until his retirement in March 2025 and has served as a Director since May 2017. | ||
Elisa M. Wilson Board | Director and Chair of the Nominating Committee | Director of GAMCO Investors, Inc.; Director of GGCP, Inc.; President and Trustee of the Gabelli Foundation, Inc.; Trustee on the Board of Boston College; Trustee on the Board of Teachers College at Columbia University | Elisa M. Wilson has served as a director and Chair of the Nominating Committee at AC since February 2019. She brings extensive board experience from her roles at GAMCO Investors, Inc., GGCP, Inc., and as President and Trustee of the Gabelli Foundation, Inc.. | |
Frederic V. Salerno Board | Director | Chair of the Board of Directors of GGCP; Director of Madison Square Garden Entertainment Corp. | Frederic V. Salerno has served as a director of AC since February 2017 and currently chairs the Compensation Committee and serves as the lead independent director at AC. Previously, he held executive roles at Verizon, Bell Atlantic, New England Telephone, New York Telephone, and NYNEX. | |
Marc Gabelli Board | Vice Chair of the Board | President of GGCP, Inc. (since 1999) ; Director of GGCP (since 1994) ; Non-executive Director of Gabelli Securities International (UK) Ltd. | Marc Gabelli is currently the Vice Chair of the Board at AC since March 19, 2025. He previously served as President until November 2016 and has been a Director since May 2017. | |
Richard T. Prins Board | director | Director of Gracie Point Holdings, LLC; Committee member at Chamber Music Society of Lincoln Center; Committee member at Skowhegan School of Painting & Sculpture | Richard T. Prins has been a director of Associated Capital Group, Inc. (AC) since June 2021. Prior to joining AC, he had a distinguished 35-year career as a partner at Skadden, Arps, Slate, Meagher & Flom LLP, where he founded the firm’s investment management practice. | |
Salvatore F. Sodano Board | Director | Chair of Catholic Health; Adjunct Full Professor at Hofstra University | Salvatore F. Sodano has served as a director of AC since November 30, 2015 and currently chairs the Audit Committee. He brings extensive experience from previous roles including Vice Chair at Broadridge Financial Solutions and Chair and CEO of Worldwide Capital Advisory Partners. |
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