Key Team Members

Marc Gabelli

Senior Advisor

Mr. Gabelli leads the global event driven portfolio assignments at GSI. Mr. Gabelli is a Managing Partner of Horizon Research. His tenure has included hedge fund management since 1989 and traditional asset management since 1994, where he managed several Morningstar five star mutual funds, the Lipper ranked #1 global equity mutual fund in the US for over 5 years. His focus is global, catalyst-driven value investing across all market capitalizations and industry sectors.

Mr. Gabelli is Chairman of the Board of LGL Group (NYSE Amex: LGL). In 2004 he was instrumental in the promotion and development of the India based subsidiary of LGL, Piezo Technology India, that has grown to employ over 110 employees. He started his investment career in arbitrage at Lehman Brothers International. Mr. Gabelli holds a MBA from the Massachusetts Institute of Technology (M.I.T.) Sloan School of Management, a B.A. from Boston College, and the SEP diploma from Stanford University.

Manjit Kalha

Managing Partner

Mr. Kalha is a Managing Partner of Horizon Research and heads the New Delhi office. His recent work has included an indepth analysis of the universe of Indian stocks and the Indian equity markets; their structure, constituents and metrics over time. He was previously involved in manufacturing sector private equity and distressed debt resolution and began his career In Arthur Andersen’s New Delhi office. Mr. Kalha serves on the board of LGL Group (NYSE Amex: LGL). Mr. Kalha holds a MBA from the Massachusetts Institute of Technology (M.I.T.) Sloan School of Management, a B.A. Honors in Economics from SRCC (University of Delhi), and is a Chartered Accountant and a fellow member of the Institute of Chartered Accountants of India.

Anand Rawani, CFA

Research Analyst

Mr. Rawani is a Research Analyst with Horizon Research. His research focuses on special situation franchises. His recent research has included looking at regulator mandated MBI’s in India, spin off’s and takeovers. Mr. Rawani was previously Senior Manager – Research at Bajaj Capital Limited. He started his career as a journalist at Outlook Money, a personal finance magazine. He also worked at media publications such as Financial Chronicle and The Economic Times as a business journalist. Mr. Rawani graduated with honors from Vinoba Bhave University with a BSc in Zoology and holds a ‘Post Graduate Diploma in Management of Business Finance’ from Indian Institute of Finance. He also holds ‘Diploma in Banking and Finance’ from Indian Institute of Banking and Finance.

People. Ideas. Success.


“I joined Horizon in 2008 as Managing partner of the New Delhi Office. We combine a unique understanding of each market with a relentless focus on idea generation.”
– Manjit Kalha

“We constantly engage with affiliates world-wide to discuss idea sand seek opportunites. In a globalised world we incorporate the learnings from every market in to our research”
— Anand Rawani