Hennessy Advisors, Inc. Acquires the BP Capital TwinLine Funds, Completing Its Tenth Asset Purchase
Hennessy Advisors, Inc. (HNNA)
US:NASDAQ Investor Relations:
hennessyadvisors.com
Company Research
Source: PR Newswire
NOVATO, Calif., Oct. 26, 2018 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA) today announced that it has completed the acquisition of assets related to the management of the BP Capital TwinLine Energy Fund and the BP Capital TwinLine MLP Fund. As a result, these funds will be reorganized into two newly formed series of Hennessy Funds, the Hennessy BP Energy Fund and the Hennessy BP Midstream Fund. This acquisition represents nearly $200 million in assets. BP Capital Fund Advisors, LLC will now sub-advise the new Hennessy BP Funds, meaning that the same portfolio managers who managed the portfolios in the past will continue to manage the portfolios going forward."Since 2002, we have been committed to our business model of growing organically and by acquisition, and this deal represents our tenth successful acquisition. We are excited to add these two energy funds, inspired by legendary energy investor T. Boone Pickens, to the Hennessy lineup," said Neil Hennessy, Chairman and C
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HNNA
Sec Filings
- 4/16/24 - Form 13F-HR
- 3/14/24 - Form 13F-HR/A
- 2/23/24 - Form 8-K
- HNNA's page on the SEC website