Neil Hennessy: The Case for Japan and Energy 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 nearly four 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.

I spoke with Neil at the Schwab IMPACT conference on October 29.

When we last spoke a year ago, you said it was time for advisors to prepare their clients for a market correction. Are we seeing that correction now? Please put the recent market declines and volatility into perspective.

Volatility can cause investors to overact and do things that they shouldn't, and that's what we're experiencing. This will be the 20th correction since 2010, with the largest one being a drop of 15.75%.