GREENWICH, Conn., March 03, 2022–(BUSINESS WIRE)–Teton Advisors, Inc. (the “Company”) (OTC PINK: TETAA) is proud to announce the Company’s acceptance as a member and signatory of The Principles for Responsible Investment (PRI). PRI is the world’s leading proponent of responsible investment.
“Our membership further underscores the portfolio managers’ commitment to responsible investing. The UN-supported Principles for Responsible Investment formalizes practices that our teams have been implementing on behalf of clients for some time. We are excited to strengthen the next stage of the Teton and Keeley funds’ excellence in smaller company investing. Small Caps today sell at the widest discount relative to large caps in 35 years. We believe a strong domestic economy will drive revenue growth, margin expansion and higher earnings for small cap companies. Since the March 2020 pandemic-driven market low, the Russell 2000 small cap index has outperformed the S&P 500 index coinciding with a sharp rise in inflation expectations and interest rates. Our integrated approach is expected to drive long term client value,” said Marc Gabelli, the Company’s Chairman and Chief Executive Officer.
The PRI signatory and membership is a continuation of the Company’s ongoing ESG efforts. Last year, the Company developed the proprietary Teton “One Earth” framework to be applicable to its advisors Teton and Keeley. “One Earth” incorporates risk management with ESG principles and related research to the portfolio management process. This is further enhanced through active and constructive engagement with corporate management teams of our portfolio investments. One Earth is designed to populate client portfolios with companies engaged in smart economic growth incorporating a mosaic of factors weighing investor ESG transparency and free market principles into the rubric. Our approach is dynamic and global, and serves to strengthen our team’s existing ESG investment processes.
Keeley and Teton Advisors are pioneers in smaller company investing. Today the firm’s investment methodologies continue the legacy of its founders, John L. Keeley, Jr., a preeminent investor focusing on value based restructurings, and Mario Gabelli, who developed the Gabelli proprietary “Private Market Value with a Catalyst” method of value investing. The group also brings forth a legacy of socially responsible investing that dates back to the 1980’s.
“As analysts, we strive to understand the most important factors that can impact our assessment of a company’s value. As actors in a large and ever-evolving marketplace, we recognize and seek to integrate everything that can impact valuations in our analysis. Today the market structure, its rules, flow of funds, and participants are different than yesterday. We respect the importance of environmental, social and governance issues in our process,” Marc Gabelli continued.