Hennessy Advisors, Inc.

Overview

Hennessy Advisors, Inc. is a publicly traded investment manager that oversees, services, and markets the family of Hennessy Funds. The firm offers a broad range of funds, including exchange-traded funds (ETFs), traditional equity, specialty category, and sector funds, as well as more conservative multi-asset products, with strategies that can play a role in nearly every investor's portfolio. Hennessy is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy-and-hold philosophy that rejects the idea of market timing. Founded in 1989 in the San Francisco Bay Area by Neil J. Hennessy, the company was named in honor of his father, Edward J. Hennessy, who was also a successful stockbroker. The firm became an SEC-registered investment advisor in 1990 and later expanded to managing mutual funds. Hennessy launched its first fund in 1996, followed soon thereafter by its second fund in 1998. Following eleven successful, strategic acquisitions, the Hennessy family of products now includes mutual funds covering domestic equity, multi-asset, sector, and specialty categories as well as exchange-traded funds (ETFs). Hennessy Advisors is headquartered in Novato, CA, and maintains offices in Boston, MA, Chapel Hill, NC, and Austin, TX. The company's investment strategies strive to dampen risk and preserve capital during turbulent times, aiming to provide investors with balanced returns that are mindful of downside risk and sustainable over the long run. The firm adheres to its proven investment strategies in all types of market conditions, believing that investing success comes from choosing and holding quality stocks, and not allowing media headlines, short-term market fluctuations, or emotions to distract from long-term objectives.