Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Hennessy Readies Distribution Push Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 28, 2008

Hennessy Readies Distribution Push

News summary by MFWire's editors

Hennessy Advisors is making arrangements for its distribution push. Effective Friday, the firm will eliminate all redemption and exchange fees from each of its funds.

"We recognize that professional financial advisors need ultimate flexibility to adjust asset allocations for their clients, without any penalties or obstacles," said Neil Hennessy, chairman, president and CEO of Hennessy Advisors, Inc. and chairman and CIO of Hennessy Funds.

The company has also promoted Brian Peery to director of research for the firm. Peery, who has been with Hennessy for six years, will focus on developing partnerships with research analysts at top-tier wirehouses, banks, TAMP's and independent and regional broker/dealers.

To bolster distribution of its funds, Hennessy hired Kevin Rowell from Pioneer Funds Distributor as president of Hennessy Funds (see The MFWire, June 4, 2008).


Company Press Release

NOVATO, Calif., Aug. 28 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA), investment manager of the Hennessy Funds, today announced two initiatives aimed at better positioning the company for increased sales and distribution in the advisor and institutional marketplace.

Effective 8/29/08, all redemption and exchange fees will be eliminated for each of the Hennessy Funds. "We recognize that professional financial advisors need ultimate flexibility to adjust asset allocations for their clients, without any penalties or obstacles," said Neil Hennessy, Chairman, President and CEO of Hennessy Advisors, Inc. and Chairman and CIO of Hennessy Funds. "We have procedures in place to monitor market timing or excessive trading, so we feel very confident in eliminating these fees across the board," he added.

Kevin Rowell, President of Hennessy Funds, has also announced that Brian Peery has been named Director of Research for the firm. In this newly created position, Peery will focus solely on partnering with research analysts at top-tier wirehouses, banks, TAMP's and independent and regional broker/dealers. Peery has over fifteen years experience in the financial services industry, having held various research, analyst and institutional roles, and has been with Hennessy Funds for the past six years.

"We understand that it is critical to have a dedicated team to serve research analysts and consultants. With his extensive analytical and relationship management background, as well as a deep understanding of our portfolios, Brian is an ideal choice to head up the Hennessy research organization," said Rowell.

About Hennessy Advisors, Inc.

Hennessy Advisors, Inc. is the investment manager of the Hennessy family of mutual funds. Each of the Hennessy Funds employs a time-tested, quantitative stock selection strategy and is managed with strict discipline and consistency.

Supplemental Information

The funds' 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 the prospectus carefully before investing.

Mutual fund investing involves risk; principal loss is possible.

Quasar Distributors, LLC, Distributor.
 

Edited by: Erin Kello


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use