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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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Buyside Digest is not affiliated with, and does not endorse, Alpha G Investment Management, Inc. (formerly Teton Advisors, Inc.). This analysis is provided for institutional research purposes only and is not investment advice.
"Alpha G Investment Management manages $295 million in U.S. small-cap equity mutual funds following the 2025 sale of its Keeley-Teton business to affiliate GAMCO. Q2 2026 AUM increased 13% on market appreciation despite net outflows."
Alpha G Investment Management, formerly Teton Advisors, operates as an investment advisory firm managing U.S. equity-focused mutual funds. As of June 30, 2026, the firm managed $295 million in AUM, representing a 13.0% increase from the prior quarter driven by $47 million in asset appreciation partially offset by $13 million in net outflows. The company completed a strategic transformation in 2025, selling its Keeley-Teton advisory business to affiliate GAMCO for $5.5 million upfront plus contingent consideration with a guaranteed minimum of $11.5 million total. The firm received its first earnout payment of $1.4 million in June 2026. Continuing operations generated $567,702 in revenues for Q2 2026, down 8.5% year-over-year, primarily due to higher fund expense reimbursements. Operating expenses declined 27.9% to $697,917, driven by lower compensation costs following the business sale. Net income from continuing operations was $131,295 or $0.08 per share. The company maintains $28.2 million in cash and investments, with no debt.
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