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  Gates invests $100 million in Gabelli
Time: 10:37 EST/15:37 GMT | News Source: News.com | Posted By: Robert Stein

Bill Gates, the chairman and co-founder of Microsoft, is investing $100 million in the fund business of Mario Gabelli, one of the best-known U.S. money managers. Gabelli Asset Management, which oversees about $26 billion in assets, said on Monday it agreed to sell $100 million of convertible notes to Gates' private investment firm, Cascade Investment, helping Gabelli expand in Europe.

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