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Friday, January 13, 2006
Profile: Hennessy Cornerstone Growth Fund
Murray Coleman details the investment strategy of Neil Hennessy, manager of the no-load Hennessy Cornerstone Growth Fund (HFCGX) in this article from Investor's Business Daily, via Yahoo Finance. According to Coleman, Hennessy "alters his portfolio just once a year," and, he adds, "The process has yielded results. For the five years ended Jan. 11, the fund's average annual return of 17.11% topped the 11.17% notched by its small-cap blend peers tracked by Morningstar and the S&P 500's 1.17%. In 2002 the fund lost 4.7%, less than half as much as its rivals."