Neil Hennessy Ranks on Barron's List of 'Top 100 Fund Managers' for 5th Consecutive Year
14 Agosto 2007 - 11:09PM
PR Newswire (US)
NOVATO, Calif., Aug. 14 /PRNewswire-FirstCall/ -- Hennessy
Advisors, Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) Neil Hennessy,
President, Chairman and CEO of Hennessy Advisors, Inc. was
recognized in the August 13, 2007 issue of Barron's as one of the
top 100 mutual fund managers in the nation. Hennessy ranked #27 as
manager of the Hennessy Cornerstone Value Fund and also #95 as
manager of the Hennessy Focus 30 Fund out of 5,477 equity funds
scanned. Mr. Hennessy was one of just five managers to appear more
than once on the 2007 list of Top 100 Managers. Hennessy has been
listed among Barron's Top 100 Managers in each of the last five
years. "We are very proud to again be named to Barron's list of top
fund managers, and we are most pleased to have been able to deliver
strong and consistent performance to our fund shareholders," said
Mr. Hennessy. "We attribute the success of these funds to their
quantitative, time-tested stock selection formulas and to our
straight-forward, disciplined investment management style," he
added. The Hennessy Cornerstone Value Fund is classified as a
large-cap value fund, while the Hennessy Focus 30 Fund is
classified as a mid-cap blend fund. Fund managers named to the
Barron's list of the industry's top 100 have consistently
outperformed their peers. The Barron's/Value Line annual rankings
system awards points to managers who generate more stable returns
and subtracts points from funds deemed too volatile. A manager with
average performance and volatility gets a score of zero. Superior
managers get positive scores commensurate with the value they've
added to a fund's performance on an annualized basis. Value Line
first scanned 5,447 equity funds, screening out those with more
than two lead managers and managers with less than three years'
tenure. The remaining funds were then organized by investment
objective, and then sector funds and those with less than $200
million in assets were eliminated. 928 managers qualified to be
ranked. About Hennessy Advisors, Inc. Hennessy Advisors, Inc.,
headquartered in Novato, California, manages the Hennessy Funds, a
family of six no-load mutual funds, which satisfy a variety of
investment horizons and risk tolerance levels. Each of the Hennessy
Funds utilizes a quantitative stock selection strategy and is
managed with the discipline and consistency of an index fund. In
addition to the Cornerstone Value Fund (HFCVX) and Hennessy Focus
30 Fund (HFTFX) the company also manages the Hennessy Cornerstone
Growth Fund (HFCGX), the Hennessy Cornerstone Growth Fund, Series
II (HENLX), the Hennessy Total Return Fund (HDOGX) and the Hennessy
Balanced Fund (HBFBX). Supplemental Information Small and
medium-capitalization companies tend to have limited liquidity and
greater price volatility than large-capitalization companies.
Investments in foreign securities involve greater volatility and
political, economic and currency risk and differences in accounting
methods. The fund's investment objectives, risks, charges and
expenses must be considered carefully before investing. The
prospectus contains this and other important information about the
investment company, and it may be obtained by calling
1-800-966-4354 or visiting http://www.hennessyfunds.com/. Please
read it carefully before investing. Mutual fund investing involves
risk; principal loss is possible. While the Hennessy Funds are
no-load, management and distribution fees and other expenses apply.
Quasar Distributors, LLC, Distributor. Available Topic Expert(s):
For information on the listed expert(s), click appropriate link.
Neil J. Hennessy
http://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=36873
DATASOURCE: Hennessy Advisors, Inc. CONTACT: Terry Nilsen of
Hennessy Advisors, Inc., +1-415-899-1555, fax, +1-415-899-1559 Web
site: http://www.hennessyfunds.com/
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