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 |
|
Wednesday, December 15, 2004 Hennessy Lives Large Asset growth bulked up the earnings of Novato, California-based Hennessy Advisors. The firm reported earnings per diluted share of $1.63 at the fiscal year ended September 30, 2004, an increase of 150.8 percent from $0.65 per diluted share the year before. Assets under management were $1.2 billion at the end of September, growth of 46.3 percent from $835.1 million from the same period last year. Most of that growth came from Hennessy's March acquisition of $291 million in assets in five Lidner Asset Management-advised funds. Hennessy is the investment advisor to the Hennessy Funds, a family of five no-load mutual funds. Printed from: MFWire.com/story.asp?s=8653 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |