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.
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SOURCE Hennessy Advisors, Inc.