Building a business with integrity.

We've built a strong line-up of mutual funds, all with one thing in common: to meet the needs of our shareholders, always managed in their best interest.

About Hennessy Funds

We offer high-conviction strategies that can play a role in nearly every investor's portfolio.

Company Overview

  • Company Founded

    1989

  • Assets Under Management

    $5.8 Billion

  • Number of Funds

    16

Hennessy Funds offers a broad range of mutual funds, including traditional equity, specialty, and sector funds, as well as more conservative multi-asset products. Our goal is to provide products that investors can have confidence in, knowing their money is invested as promised, with their best interest in mind.

Markets can be volatile. Media headlines may trumpet doom one day, rosy outcomes the next. In both turbulent and steady times, we stick to our time-tested strategies, and we focus on long-term results. Our team of tenured managers has the skill, experience, and confidence needed to build and maintain high-conviction portfolios through all types of market conditions.

We believe it’s critical for our shareholders to fully understand the strategies, risks, and costs of investing, as well as the potential rewards. That’s how successful long-term partnerships are built.

“Our founding principle of ‘Shareholders First’ still guides us each day.”
Teresa Nilsen, Executive Vice President

Our History

Hennessy Advisors, Inc., the investment advisor to the Hennessy Funds, was founded in 1989 in the San Francisco Bay Area by Neil J. Hennessy, who had been a successful stockbroker, branch, regional, and divisional manager for Paine Webber. He named the company in honor of his father, Edward J. Hennessy, who had also been a successful stockbroker. Neil believed that his father embodied the ideals that would make his business successful.

Hennessy Advisors was founded on the principles of treating customers honestly and ethically, building strong partnerships and managing money for the sole benefit of shareholders, and those same principles guide us today, nearly 30 years later.

The firm became an SEC-registered investment advisor in 1990 and later expanded to managing open-end mutual funds. Our first fund, the Hennessy Balanced Fund, opened in 1996, followed soon thereafter by the Hennessy Total Return Fund in 1998.

Following ten successful, strategic acquisitions, the Hennessy family of products now includes mutual funds covering domestic equity, multi-asset, sector, and specialty categories.

Hennessy Funds is headquartered in Novato, CA, and maintains offices in Boston, MA, Chapel Hill, NC, and Austin, TX.

  • 1989
    Neil Hennessy founds the firm.
  • 1990
    Firm registers as an Investment Advisor.
  • 1996
    Launches first mutual fund, the Hennessy Balanced Fund.
  • 1998
    Launches second mutual fund, the Hennessy Total Return Fund.
  • 2000
    Acquires the Cornerstone Growth Fund and the Cornerstone Value Fund.
  • 2003
    Acquires the SYM Select Growth Fund to launch the Hennessy Cornerstone Mid Cap 30 Fund.
  • 2004
    Acquires five funds from Lindner Asset Management, merging them into existing Hennessy Funds.
  • 2005
    Acquires the Henlopen Fund to launch the Hennessy Cornerstone Growth Fund, Series II (subsequently merged into the Hennessy Cornerstone Growth Fund).
  • 2009
    Acquires the Tamarack Large Cap Growth Fund to launch the Hennessy Cornerstone Large Growth Fund and the Tamarack Value Fund, now merged into the Hennessy Cornerstone Value Fund.
  • Acquires the Japan Fund and the Japan Small Cap Fund from Tokyo-based SPARX Asset Management Co., Ltd., who continues to sub-advise these Funds.
  • 2012
    Acquires ten funds from FBR Fund Advisers, Inc., merging three into existing Hennessy Funds and adding seven new funds to the Hennessy lineup (the Hennessy Core Bond Fund is now closed).
  • 2016
    Acquires two funds from Westport Advisers, LLC, merging them into the Hennessy Cornerstone Mid Cap 30 Fund.
  • 2017-18
    Acquires three funds from Rainier Investment Management, LLC, merging two into the Hennessy Cornerstone Mid Cap 30 Fund and one into the Hennessy Cornerstone Large Growth Fund.
  • 2018
    Acquires the BP Capital TwinLine Energy Fund and BP Capital TwinLine Midstream Fund from BP Capital Fund Advisors, LLC, who continues to sub-advise these Funds.