MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 26, 2009 Price Tag for a Recent Fund Deal Comes to Light Hennessy Advisors paid $1.83 million to acquire two funds from Voyageur Asset Management. The deal, first announced in December, closed on Monday (see The MFWire, 03/23/09). According to an SEC filing on Thursday, Novato, California-based Hennessy made an initial cash payment of $798,000 -- or 0.75 percent of assets as of March 20 -- for the Tamarack Value Fund. The deal also calls for additional contingent cash payment of up to 0.75 percent to be paid six months after the closing. Hennessy paid $1.04 million -- or 2 percent assets -- for the Tamarack Large Cap Growth Fund. Printed from: MFWire.com/story.asp?s=21136 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |