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Hennessy Advisors completes The Westport Funds acquisition

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Hennessy Advisors completes The Westport Funds acquisition

HennessyAdvisors Inc. completed the acquisition of assets related to the management of TheWestport Funds.

The Westport Fund and the Westport Select Cap Fund will bereorganized into the Hennessy Cornerstone Mid Cap 30 Fund.

The acquisition represents about $440 million in assets,bringing total assets managed by Hennessy Advisors to $6.8 billion, the companysaid.