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HNNA / Hennessy Advisors Trades At Low Multiples Because Its Business Is Declining
HNNA is a fund manager. The company's business model is under threat because of the growth in passive investment strategies. From a record AUM of $6.7 billion in 2016, the company is managing $3 billion as of FY22. The trend will probably continue.
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Posted: Feb 17 2023, 13:20
Author Name: Seeking Alpha
Views: 110866
HNNA News
By Seeking Alpha
February 17, 2023
Hennessy Advisors Trades At Low Multiples Because Its Business Is Declining
HNNA is a fund manager. The company's business model is under threat because of the growth in passive investment strategies. From a record AUM of $6.7 more_horizontal