March 8, 2019 - Hennessy Funds today announced that the Hennessy Japan Small Cap Fund (Institutional Class: HJSIX) has received the 2019 Lipper Fund Award for best-in-category performance for the three-year period ended 11/30/18 among 10 Japanese funds. Lipper Fund Awards honor funds and fund management firms that have excelled in delivering consistently strong risk-adjusted performance relative to their peers.
Through fundamental, bottom-up research, the Hennessy Japan Small Cap Fund seeks to uncover high-quality, small-cap Japanese companies that may be overlooked by other investors. The Fund is sub-advised by Tokyo-based SPARX Asset Management Co. Ltd. Founded in 1989 as a small-cap specialist, SPARX has grown to become the largest independent asset manager in Japan and has compiled an extensive research database containing over 3,000 Japanese companies.
“We are honored to receive this award from this prestigious, industry-leading organization,” said Neil Hennessy, President and Chief Investment Officer of Hennessy Funds.” Having the Portfolio Managers of our Japan Funds based in Asia enables both rigorous due diligence and in-depth understanding of the Japanese market and culture, which we believe provides a crucial advantage for our shareholders,” he added.