Neil Hennessy – The Opportunities in Mid-Cap and Japanese Stocks

Neil J. Hennessy is portfolio manager and chief investment officer at Hennessy Funds, where he personally manages or co-manages the following funds: Cornerstone Growth Fund, Cornerstone Mid Cap 30 Fund, Cornerstone Large Growth Fund, Cornerstone Value Fund, Total Return Fund and Balanced Fund.

He has more than three decades of financial industry experience. Neil began his career as a financial advisor, and in 1989 he opened his own broker-dealer firm. In 1996, Neil founded his own asset management firm and launched his first mutual fund. Neil has a successful history acquiring asset-management companies and starting mutual funds, and today he oversees the entire family of Hennessy Funds.

Neil is a recognized and respected asset manager, ranking among Barron's Top 100 Mutual Fund Managers for many years, and he is a frequent guest/contributor in national financial media. Neil’s unique strength comes from employing a consistent and repeatable investment process, and combining time-tested, stock selection strategies with a highly disciplined management style. Neil leads his investment team to manage portfolios for the sole benefit of their shareholders, never straying from this core value.

Neil graduated from the University of San Diego and the Wharton School of Upper Management through the SIA.

I spoke with Neil at the Schwab IMPACT conference on November 16.

Please give me an overview of your fund company. Where do you see yourself positioned, particularly with respect to advisors?

We manage 14 mutual funds. We have approximately 350,000 shareholders and 19,000 RIAs who use our funds for their clients, and we are a publicly traded company (NASDAQ:HNNA). We do this all with just 19 employees.