Hennessy Advisors, Inc. Surpasses $6 Billion in Assets Under Management
Firm Grows Assets by 34% in Past 12 Months
February 3, 2015 - Hennessy Advisors, Inc. (NASDAQ:HNNA) today announced that assets under management in the mutual funds it manages have surpassed the $6 billion mark, following strong investor inflows and market appreciation. Assets under management for Hennessy Advisors were nearly $4.5 billion as of January 31, 2014 and have grown 34% since then.
“The past year has been very strong for the U.S. financial markets, and we are very pleased with the performance delivered by our family of mutual funds. We have experienced increased interest and investments 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 300,000 shareholders nationwide.
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.
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