Leading Wall Street Analyst Commits $2M to Establish Professorship in Finance

Smart investors know opportunity when they see it.

Renowned Wall Street analyst and advisor Mario Gabelli built his career on being able to spot the best long-term investments.

Mario Gabelli

“Case Western Reserve and Weatherhead School of Management have a proven history of success in transforming talented students into exceptional professionals,” said Gabelli, president and CEO of GAMCO Investors Inc. “Their integration of business, finance and banking programs provides a clear benefit for the university community and an example for other institutions. I look forward to seeing the continued impact of Peter Ritchken, the first recipient of the Mario J. Gabelli Distinguished Chair in Finance.”

Ritchken, founder and former director of the school’s Master of Finance program, earned his Ph.D. from Weatherhead and later received the Case Western Reserve Faculty Distinguished Research Award and the Weatherhead Award for Excellence in Teaching.

“Peter Ritchken’s work at the intersection of finance, operations and economics has had important implications for all three,” said JB Silvers, co-dean of the Weatherhead School of Management. “He is one of our main investigators.”

Ritchken’s research interests span topics such as risk predictions, the impacts of technology on capital decisions, and factors that drive prices in the capital market. He has written several textbooks on derivatives and has served on several magazine editorial boards.

“I am excited and honored to take on this new position,” said Ritchken. “Like Mr. Gabelli, I believe that finance is a noble profession that can help drive economies, alleviate misery and do good for the environment. This chair will serve as a catalyst for the high-impact research for which our great university is known.”

Originally from the Bronx, New York, Gabelli began shining shoes at the age of 5 and became the first in his family to graduate from college. He earned degrees from Fordham and Columbia universities and founded what would become one of the largest investment firms in the world. A believer in the power of developing young minds, Gabelli’s philanthropic support for higher education exceeds $100 million.

Silvers and Andrew Medvedev, co-deans of the Weatherhead School of Management, acknowledge the importance of Gabelli’s gift and the trust he shows in the school.

“We are always happy with the gift of a gifted chair,” Medvedev said. “But having it come from Mr. Gabelli, a true pioneer and giant in the field of investment management, makes this really special.”

The school will celebrate the establishment of the Mario J. Gabelli Distinguished Chair in Finance and Ritchken’s appointment to the inaugural chair at a ceremony on campus tomorrow (Wednesday, Oct. 12), at 5:30 p.m. in the Peter Building. B. Lewis, Room 203.

University faculty, staff, and students are invited to attend and are encouraged to RSVP.

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