Neil Hennessy Ranks #17 on Barron's List of 'Top 100 Fund Managers'; Appearance Marks 6th Consecutive Year on List
12 Agosto 2008 - 9:32PM
PR Newswire (US)
NOVATO, Calif., Aug. 12 /PRNewswire-FirstCall/ -- Hennessy
Advisors, Inc. (OTC:HNNA) (BULLETIN BOARD: HNNA) Neil Hennessy,
President, Chairman and CEO of Hennessy Advisors, Inc. and Chairman
and Portfolio Manager of Hennessy Funds, was recognized in the
August 11, 2008 issue of Barron's as one of the top 100 mutual fund
managers in the nation. Hennessy ranked #17 as manager of the
Hennessy Focus 30 Fund. Hennessy has the distinction of being
listed among Barron's Top 100 Managers in each of the last six
years. "While I am very proud to again be named to Barron's list of
best fund managers, I share this award with the rest of the
Hennessy team who have worked very hard to deliver strong and
consistent performance to our fund shareholders," said Mr.
Hennessy. "We attribute the success of the Hennessy Focus 30 Fund
to its quantitative, time-tested stock selection formula and to our
disciplined and repeatable investment management process," he
added. The Hennessy Focus 30 Fund is a mid-cap blend fund, and it
selects 30 domestic equities with market cap between $1 and $10
billion which also pass a number of quantitative value and momentum
screens. 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 1,008
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 those with
less than $200 million in assets were eliminated. 564 managers
qualified to be ranked. About Hennessy Advisors, Inc. Hennessy
Advisors, Inc., is the investment manager of the Hennessy Funds, a
family of formula-driven mutual funds. Each of the Hennessy Funds
utilizes a quantitative stock selection strategy and is managed
with strict discipline and consistency. In addition to the Hennessy
Focus 30 Fund (HIFTX-institutional class/HFTFX-original class) the
company also manages the Hennessy Cornerstone Growth Fund
(HICGX/HFCGX), the Hennessy Cornerstone Growth Fund, Series II
(HINLX/HENLX), the Hennessy Cornerstone Value Fund (HICVX/HFCVX),
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. 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. 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: Tania Kelley of
Hennessy Advisors, Inc., +1-415-899-1555, fax, +1-415-899-1559 Web
site: http://www.hennessyadvisors.com/
Copyright