Brian Macauley, CFA

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23Years of Investing Experience
Brian is a Portfolio Manager and Managing Member of Broad Run Investment Management, which was founded in 2012 and serves as the sub-advisor to the Hennessy Focus Fund.
Between 2009 and 2012, Brian worked for FBR Funds as the Co-Portfolio Manager of the FBR Focus Fund (the Predecessor to the Hennessy Focus Fund). Prior to working for FBR, he served as Research Analyst at Akre Capital Management, the sub-advisor to the FBR Focus Fund until 2009. Prior to joining Akre in 2003, Brian held investment analyst positions with Credit Suisse First Boston and Wachovia Securities.
Brian received a BS in Commerce from the University of Virginia, and he is a CFA charterholder and member of the CFA Society of Washington, DC.

Managed Fund
Fund Documents | Fund Facts | ||||
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Fund Name | Manager Commentary | Fact Sheet | MorningStar Fund Category | Inception Date | Worked on Fund Since |
Focus Fund | Mid-Cap Growth | 1/3/97 | 2003 |
Related Insights & News
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Investment Idea
Focused on Seeking Outperformance
David Rainey, CFACo-Portfolio ManagerBrian Macauley, CFACo-Portfolio ManagerIra Rothberg, CFACo-Portfolio ManagerIncreased attention is being paid to the inclusion of focused mutual funds in portfolio allocations. Studies have shown that concentrated portfolios can provide meaningful performance advantages over time.
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Wall Street Journal Podcast - "Market Recap, Are Stocks Overpriced?"
October 2016
Hennessy Focus Fund Portfolio Manager Brian Macauley shares his thoughts on stock valuations, how large banks are a gauge of the broader economy, and why U.S. industrial stocks appear attractive.
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Investor's Business Daily - "Big Bets on Best Ideas"
March 2016
The Hennessy Focus Fund Portfolio Managers discuss their 'best ideas' within their concentrated portfolio and why they have the conviction to hold stocks for five years or longer.
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