Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Henlopen No More Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 06, 2005

Henlopen No More

by: Sean Hanna, Editor in Chief

Neil Hennessy has found another deal for its eponymously named fund firm. The Henlopen fund is selling its investment contract to Novato, California-based Hennessy Advisors. The deal brings Hennessy another $299 million in fund assets.

Hennessy will drop the Henlopen Fund (HENLX) name and rebrand the offering as Hennessy Cornerstone Growth Fund, Series II. It will manage the funds assets using its Cornerstone Growth Strategy. It also dropped the expense ratio on the fund to 125 basis points from the current 138 bps.

Mr. Hennessy has openly sought deals for the firm in order to grow its assets. The firm is most interested in smaller fund shops that provide funds that can be managed through a clear investment formula. Hennessy Advisors manages total assets of more than $1.66 billion and advises six no-load funds. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use