GAMCO Investors, Inc. has launched a closed-ended equity mutual fund called The GDL Fund, presently managed by Gabelli Funds, LLC. The fund has a global investment strategy, focusing on investing in diverse sectors in public equity markets. It also invests in stocks of companies that are involved in mergers, takeovers, tender offers, and leveraged buyouts. The fund also targets companies undergoing corporate restructuring activities, such as stubs, spin-offs, and liquidations. The Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index is the fund's benchmark for measuring the performance of its portfolio. Formerly known as Gabelli Global Deal Fund, The GDL Fund was established on October 17, 2006, and is currently domiciled in the United States.