trending Market Intelligence /marketintelligence/en/news-insights/trending/T1RQ_RD6qMoW8hT2ScFMqw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Hennessy Advisors inks deal to acquire The Westport Funds

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Hennessy Advisors inks deal to acquire The Westport Funds

Hennessy AdvisorsInc. signed a definitive agreement with Westport Advisers LLC to purchase the assets related to themanagement of The Westport Funds.

The Westport Fund and the Westport Select Cap Fund currentlyhave assets of about $640 million. Their addition would bring total assets managedby Hennessy Advisors to more than $7 billion.

Upon the transaction's closing, assets related to the WestportFund and Westport Select Cap Fund will merge into the Hennessy Cornerstone Mid Cap30 Fund. The deal, terms of which were not disclosed in a news release, is expectedto be completed in the third quarter.