David Rainey, CFA

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37Years of Investing Experience
David 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, David 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 Senior Research Analyst at Akre Capital Management, the sub-advisor to the FBR Focus Fund until 2009. Prior to joining Akre in 1998, David held investment management and security analysis positions with the Federal National Mortgage Association (“Fannie Mae”), the Student Loan Marketing Association (“Sallie Mae”) and Wheat First Securities.
David received a BS in Commerce from the University of Virginia and an MBA from Duke University, 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 Blend | 1/3/97 | 1998 |
Related Insights & News
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Portfolio Perspective
A Deep Dive Into the Fund's Concentrated Portfolio
David Rainey, CFACo-Portfolio ManagerIra Rothberg, CFACo-Portfolio ManagerBrian Macauley, CFACo-Portfolio ManagerIn the following commentary, the Portfolio Managers of the Hennessy Focus Fund provide an update on the holdings, including which companies might benefit the most as the Federal Reserve ceases its rate hikes. The team also discusses opportunities in the growth of artificial intelligence, its Financials holdings, and Warren Buffett’s new position in NVR.
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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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