, chairman, president and CEO
of Hennessy Advisors [see profile]
, continues to be on the hunt for acquisitions.
Hennessy is interested in acquiring domestic and international
equity funds. "I'm not really a buyer in the fixed income
market because I don't think that's a winning game going forward,"
Hennessy told The MFWire.com
on the sidelines of the fourth annual
Hennessy Funds Market Outlook in New York City on Tuesday.
The Novato, California-based mutual fund firm has done several deals
over the years, the most recent one being the purchase of two Japan funds
from Sparx Investment and Research USA.
Hennessy offers a total of 10 funds.
Hennessy Advisors officials were in Manhattan Tuesday for the media
luncheon at McCormick and Schmick's in midtown, which attracted around 30 journalists. PR firm SunStar Strategic
helped put together the press conference.
In his presentation, Hennessy talked about where the markets are headed, the holdings in the Hennessy Focus 30 Fund and his thoughts on Japan (Hennessy's product menu includes the Hennessy Select SPARX Japan Fund
and Hennessy Select SPARX Japan Smaller Companies Fund).
Other Hennessy executives present at the event were Brian Peery
, co-PM and director of research; Tania Kelley
, vice president of marketing and executive vice president Terry Nilsen
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