Ian Lapey

Portfolio Manager-Equities at

Gabelli Funds LLC

59 year

59 connections

Finance

Consumer Services

Non-Energy Minerals

Profile

Mr. Ian D.
Lapey is a Portfolio Manager at Gabelli Funds LLC.
He has over 25 years of industry experience.
Prior to joining Gabelli Funds in 2018, Mr. Lapey was most recently a Research Analyst and Partner at Moerus Capital Management LLC.
Prior to joining Moerus, he was a Partner, Research Analyst, and Portfolio Manager at Third Avenue Management.
In 2009 he was appointed Co-Manager alongside legendary value investor Marty Whitman, and was subsequently named sole Portfolio Manager of that fund in 2012.
Prior to joining Third Avenue in 2001, he held equity research analyst positions at Credit Suisse First Boston and Salomon Brothers.
He began his career in 1991 as a staff accountant for Ernst & Young and is a CPA (inactive).
He holds an M.B.A. in Finance and Statistics from the Stern School of Business at New York University.
He also holds a Masters in Accounting from Northeastern University and a B.A. in Economics from Williams College.

Ian Lapey active positions

Companies	Position	Start
Gabelli Funds LLC Gabelli Funds LLC Investment ManagersFinance Gabelli Funds' approach to security analysis includes among other things fundamental research, industry research, personal visits with management and company published data. They also use data published in the financial media. Their portfolio managers may also make use of third party sell-side brokerage research.	Portfolio Manager-Equities	30/09/2018

All active positions of Ian Lapey

Former positions of Ian Lapey

Companies	Position	End
HG HOLDINGS, INC.	Chairman	19/11/2017
Third Avenue Management LLC Third Avenue Management LLC Investment ManagersFinance TAM utilizes a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities. The firm seeks capital appreciation through a fundamental, bottom-up approach to deep value and distressed investing. They invest in common stocks of well financed companies, meaning companies with high quality assets and conservative levels of liabilities; at a discount to what they believe is their intrinsic value.	Investment Committee Member	31/05/2014
Fleetwood Homes, Inc. Fleetwood Homes, Inc. HomebuildingConsumer Durables Manufactures houses and provides real estate services	Corporate Officer/Principal	31/12/2010
Credit Suisse Securities (USA) LLC (Broker) Credit Suisse Securities (USA) LLC (Broker) Investment Banks/BrokersFinance Provides brokerage services	Analyst-Equity	25/01/2003
Hampshire Securities Corp. Hampshire Securities Corp. Investment ManagersFinance Investment bank specializing in small and emerging companies	Corporate Officer/Principal	25/01/2003

See the detail of Ian Lapey's experience

Training of Ian Lapey

Experiences
Positions held

Active

Inactive

Listed companies

Private companies

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Connections

1st degree connections

1st degree companies

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Members of the board

Executives

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Linked companies

Private companies	15
Credit Suisse Securities (USA) LLC (Broker) Credit Suisse Securities (USA) LLC (Broker) Investment Banks/BrokersFinance Provides brokerage services	Finance
Lord, Abbett & Co. LLC Lord, Abbett & Co. LLC Investment ManagersFinance Lord Abbett manages equity, fixed income, and multi-asset class portfolios across a wide range of investment strategies. Portfolio management teams employ a rigorous investment approach, and the firm’s investment processes are supported by a strong internal focus on fundamental and quantitative research.	Finance
HG Holdings, Inc. (North Carolina) HG Holdings, Inc. (North Carolina) Specialty InsuranceFinance Operates as a holding company whose subsidiaries provides title insurance, real estate leasing, reinsurance and management advisory services for residential & commercial sectors	Finance
Third Avenue Management LLC Third Avenue Management LLC Investment ManagersFinance TAM utilizes a disciplined, value-oriented, and asset-based approach to investing in publicly traded securities. The firm seeks capital appreciation through a fundamental, bottom-up approach to deep value and distressed investing. They invest in common stocks of well financed companies, meaning companies with high quality assets and conservative levels of liabilities; at a discount to what they believe is their intrinsic value.	Finance
Canfor Corp. Canfor Corp. Forest ProductsNon-Energy Minerals Produces and supplies lumber, pulp and paper products	Non-Energy Minerals
Gabelli Funds LLC Gabelli Funds LLC Investment ManagersFinance Gabelli Funds' approach to security analysis includes among other things fundamental research, industry research, personal visits with management and company published data. They also use data published in the financial media. Their portfolio managers may also make use of third party sell-side brokerage research.	Finance
Smith Barney Asset Management Smith Barney Asset Management Investment ManagersFinance Provides investment services	Finance
Ernst & Young LLP (Missouri) Ernst & Young LLP (Missouri) Miscellaneous Commercial ServicesCommercial Services Provides accounting, audit, tax and business consulting services	Commercial Services
Hampshire Securities Corp. Hampshire Securities Corp. Investment ManagersFinance Investment bank specializing in small and emerging companies	Finance
New York University New York University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Northeastern University Northeastern University Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Williams College Williams College Other Consumer ServicesConsumer Services Functions as a College/University	Consumer Services
Fleetwood Homes, Inc. Fleetwood Homes, Inc. HomebuildingConsumer Durables Manufactures houses and provides real estate services	Consumer Durables
Moerus Capital Management LLC Moerus Capital Management LLC Investment ManagersFinance Moerus utilizes the same fundamentals-based investment philosophy across all investments, which seeks to purchase securities trading at large discounts to conservative estimates of their intrinsic value, with a preference for companies that possess strong financial positions, high-quality assets, and attractive business models. Through the firm’s fundamental, value-oriented investment process they aim to buy securities of predominantly well-financed companies that trade at substantial discounts to their conservative estimates of intrinsic value. The portfolio is unconstrained by geographic, industry, or index considerations, resulting in a portfolio that is built from the bottom-up and based on the best absolute value opportunities currently available.	Finance
Longcap Investment Management LLC Longcap Investment Management LLC Investment ManagersFinance Provides investment advice	Finance

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