Hennessy Advisors has signed a definitive agreement to acquire the assets of two Japan funds with a combined $65 million in assets, the SPARX Japan Fund and the SPARX Japan Smaller Companies Fund.

Upon completion of the transaction the funds will be renamed the Hennessy Select SPARX Japan Fund and the Hennessy Select SPARX Japan Smaller Companies Fund. Hennessy will be the investment advisor to the funds and SPARX Asset Management will be sub-advisor.

“We look forward to welcoming the SPARX shareholders and the SPARX Asset Management team to the Hennessy Funds Select Series family, and we are thrilled to begin offering our first international fund,” said Neil Hennessy, chairman, CEO and president of Hennessy Advisors.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.