NOVATO, Calif., May 27, 2014 /PRNewswire/ -- Hennessy
Advisors, Inc. (NASDAQ:HNNA) today announced that assets under
management in the mutual funds it manages have surpassed the
$5 billion mark, following strong
investor inflows and investment gains. Hennessy Advisors had
topped the $3 billion mark in assets
under management with the acquisition of the FBR Funds in
October 2012, and the firm reached
$4 billion in assets under management
in September 2013.
"With sixteen funds spanning domestic, sector, specialty and
balanced equity categories, we believe our products can play a role
in nearly every investor's portfolio, and we have continued to see
strong interest from Financial Advisors and individual investors
alike," said Neil Hennessy,
President, Chairman and CEO of Hennessy Advisors, Inc.
Hennessy serves approximately 15,000 Financial Advisors and
over 250,000 account holders nationwide.
"At Hennessy, we believe that quality investments begin and end
with a consistent and repeatable investment approach, and we strive
to give our investors the best chance to achieve returns that are
balanced, mindful of downside risk and sustainable over the long
run," said Mr. Hennessy. "We expect that as the economy
continues to recover investors will fully return to buying
high‑quality mutual funds for their portfolios, and we are hopeful
they will consider Hennessy as a partner in helping to achieve
their long-term financial goals," he noted.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc.
is a publicly traded investment manager offering a broad range of
domestic equity, specialty, balanced and fixed income mutual
funds. Hennessy Advisors, Inc. is committed to its consistent
and repeatable investment process, combining time-tested stock
selection strategies with a highly disciplined, team-managed
approach, and to superior service to shareholders.
Supplemental Information
Nothing in this press release
shall be considered a solicitation to buy or an offer to sell a
security to any person in any jurisdiction where such offer,
solicitation, purchase or sale would be unlawful under the
securities laws of such jurisdiction.
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SOURCE Hennessy Advisors, Inc.