The folks at a pair of longstanding American fund firms are both expanding their presence on the other side of the Atlantic.

On March 10, Kevin Dreyer, co-chief investment officer of value portfolios at $31.7-billion-AUM (as of December December 31), 49-year-old Gamco Investors, Inc.'s Gabelli Funds, LLC [profile], revealed that Gabelli Funds is adding a Zurich, Switzerland office. And on March 18, Mark Zinkula, CEO of $47-billion-AUMA (as of February 28), 43-year-old Thornburg Investment Management [profile], and Jonathan Schuman, head of international at Thornburg, confirmed that they're opening a Thornburg office in London.

Thornburg Adds a 3rd Office

Jon Dawson, director of UK/EMEA business development at Thornburg, has joined the Santa Fe, New Mexico-based asset manager to lead the new London office at Warnford Court, 29 Throgmorton Street, while Cornelia Sanders has joined as head of international marketing. The duo will both report to Schuman.

The London office is Thornburg's 2nd international office (after one in Hong Kong) and its third worldwide. Zinkula describes the expansion as "a significant milestone in Thornburg's commitment to partner with global clients to meet their long-term financial needs."

"We look forward to continuing to deliver exceptional investment solutions in the UK and EMEA region," Zinkula states.

Gamco Doubles Down On Europe

As for Gabelli Funds' new Zurich office, Dreyer confirms that it launches with several new hires on the research team.

"We are on-boarding several senior analysts who will immediately contribute to our global research efforts," Dreyer states. "The extension of our research skillset is particularly timely given the opportunities in the global markets."

In addition to seven U.S. locations (including a headquarters in Greenwich, Connecticut), Gamco now has five international offices. That includes three in Asia (Hong Kong, Shanghai, and Tokyo) and now two in Europe (London and Zurich). 

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