M&A
confidence high
sentiment positive
materiality 0.50
Hennessy Advisors completes acquisition of CCM Core Impact Equity Fund assets (~$60M)
HENNESSY ADVISORS INC
- Acquisition closed Feb 23, 2024; includes ~$60M in assets under management.
- CCM Core Impact Equity Fund reorganized into Hennessy Stance ESG ETF.
- Neil Hennessy cites new shareholder confidence; Alyssa Greenspan notes ongoing growth.
- Fund uses non-transparent ETF structure, creating unique trading risks and advantages.