paid $1.83 million to acquire two funds from Voyageur Asset Management
. The deal, first announced in December, closed on Monday
(see The MFWire,
According to an
on Thursday, Novato, California-based Hennessy made an initial cash payment of $798,000 -- or 0.75 percent of assets as of March 20 -- for the Tamarack Value Fund
. The deal also calls for additional contingent cash payment of up to 0.75 percent to be paid six months after the closing.
Hennessy paid $1.04 million -- or 2 percent assets -- for the Tamarack Large Cap Growth
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