General American Investors Company, Inc. (NYSE: GAM) is a closed-end management investment company established in 1927 and incorporated in Maryland. It seeks to provide its shareholders with long-term capital appreciation by investing primarily in the common stocks of established U.S. companies. The company’s investment portfolio is diversified across a broad range of industries, with an emphasis on large- and mid-capitalization stocks. General American Investors employs fundamental research to identify companies with strong competitive positions, capable management teams and attractive valuations.
The company’s investment operations are overseen by Lazard Asset Management, which serves as the portfolio adviser. Through this strategic partnership, General American Investors gains access to Lazard’s deep sector expertise and global research network. The firm’s disciplined investment process combines top-down macroeconomic analysis with bottom-up security selection. Its portfolio managers regularly engage with corporate leaders and industry experts to assess business models, financial strength and growth prospects before making investment decisions.
Over its nearly century-long history, General American Investors has navigated multiple market cycles, aiming to deliver consistent returns while managing risk. The company maintains an active trading approach, periodically adjusting its holdings to reflect changes in market conditions and valuations. It offers individual and institutional investors exposure to a professionally managed equity portfolio without the need to select and monitor individual securities directly.
Headquartered in New York, the company serves shareholders across the United States and has a presence in international markets through its investment expertise. General American Investors is governed by an independent board of directors with extensive experience in investment management, corporate governance and finance. Through transparent reporting and regular communication, the board and Lazard’s investment team strive to uphold strong governance practices and align the company’s operations with shareholder interests.
AI Generated. May Contain Errors.
Free GAM Stock Alerts