The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, June 24, 2009|
A West Coast Fund Shop Acquires Again
Hennessy Advisors has inked a deal with SPARX Investment & Research to acquire two funds with combined assets of about $65 million. The deal is expected to be completed by the end of September.
The Select fund series launched in March when Hennessy acquired the assets in the Tamarack Large Cap Growth Fund and the Tamarack Value Fund from Voyageur Asset Management.
In an interview with The MFWire, Neil Hennessy, president, chairman and CEO, said he admires SPARX’s history as a company, adding that they were "built pretty much the same way" as Hennessy Advisors, having started in 1989 in the "traditional way."
Hennessy said that the two companies' synergies go together very well, and with regards to further fund additions, Hennessy noted that he is "always looking and talking, waiting to find partnerships that work."
Printed from: MFWire.com/story.asp?s=21894
Copyright 2009, InvestmentWires, Inc.
All Rights Reserved