Hennessy Advisors, Inc. acquires BP Capital TwinLine funds and completes its tenth asset buy
NOVATO, California, October 26, 2018 / PRNewswire / – Hennessy Advisors, Inc. (NASDAQ: HNNA) in the present day introduced that it has accomplished the acquisition of BP Capital TwinLine Vitality Fund and BP Capital TwinLine MLP Fund. Because of this, these funds will probably be reorganized into two Hennessy Funds, the Hennessy BP Vitality Fund and the Hennessy BP Midstream Fund. This acquisition illustration virtually $ 200 million within the property. BP Capital Fund Advisors, LLC now sub will advise the brand new Hennessy BP Funds, which signifies that the portfolio managers who managed the portfolios prior to now will proceed to handle the portfolios sooner or later.
"Since 2002, we’ve been dedicated to our natural progress enterprise mannequin and, by acquisition, we’re happy so as to add these two vitality funds, by T. Boone Pickens, the legendary vitality investor." Hennessy alignment, "mentioned Neil hennessy, President and CEO of Hennessy Advisors, Inc. "The Hennessy BP Vitality Fund and the Hennessy BP Midstream Fund will complement the Hennessy Fuel Utility Fund and permit us to supply buyers an entire bundle of energy-related merchandise" .
"We need to thank the shareholders of BP Capital TwinLine Funds for his or her vote of confidence, and we’re happy to welcome them to the Hennessy household of funds," he mentioned. Teresa M. Nilsen, President and Operations Director. "We additionally welcome BP Capital Fund Advisors to our staff of specialised sub-advisors, and we’re dedicated to a seamless and seamless transition," he added.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded funding supervisor and provides a variety of nationwide, multiactive, sectorial and specialised mutual funds. Hennessy Advisors, Inc. is dedicated to its constant and repeatable funding course of, combining confirmed inventory choice methods over time with a extremely disciplined and team-managed method, and superior shareholder service.
Nothing on this press launch shall be thought-about as a assure for any individual in any jurisdiction the place such supply, request, buy or sale is illegitimate underneath the securities legal guidelines of mentioned jurisdiction.
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Neil J. Hennessy
SOURCE Hennessy Advisors, Inc.