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Brett Caughran
@FundamentEdge
Completed my hedge fund tour of duty (Maverick, D.E. Shaw, Citadel, Schonfeld). Adjunct at ASU. Now building an exceptional analyst training firm. DMs open!
Scottsdale, AZ
fundamentedge.com
Joined September 2018
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    Brett Caughran
    @FundamentEdge
    May 8
    ENROLLING NOW. AI Accelerator: Agents in the Investment Process I am very excited to announce our new cohort based program called AI Accelerator: Agents in the Investment Process Chatbots were interesting, but far from transformational to the institutional investment process.
    48K
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    Brett Caughran
    @FundamentEdge
    Oct 24, 2025
    I went through this exact journey myself. After 13 years climbing the ladder at hedge funds in NYC and ultimately reaching my goal of becoming a portfolio manager, I had a major internal crisis. I had the analytical capabilities to do the job, but my nervous system wasn't wired
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    Blueprintsmb
    @blueprintsmb22
    Oct 24, 2025
    status = identity. get good grades. go to top school. get top banking/consulting job. maybe MBA. pivot to "next" step in corporate/hedge funds/PE, etc. brunches, cocktail parties are spent sharing what is going on at work. in NYC/SF, the first question is "what do you do for
    1.4M
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    Brett Caughran
    @FundamentEdge
    Jul 8, 2025
    Heard a wild AI anecdote today Investment analyst doing research on a company. Finds a piece of information that feels proprietary or hard to know. Presses the LLM for a source, "I don't have a source for this information". Presses again, "this is from board minutes of XYZ
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    Brett Caughran
    @FundamentEdge
    Aug 19, 2022
    A HEDGE FUND LIFE Over ~6 weeks of tweeting, I've discussed many elements of the hedge fund research process. A big goal of mine is to lift the veil on how hedge funds research stocks & make money. My thesis is that there are teachable, repeatable processes and specific
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    Brett Caughran
    @FundamentEdge
    Jul 3, 2022
    Had another DM question - “Brett, how do I get a job at a hedge fund?” Well, there’s a FRONT DOOR and a BACK DOOR. The front door is relatively straightforward. Go to a top undergrad, work in I-banking, wait for the headhunter e-mail (these days will come shortly after u land…
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    Brett Caughran
    @FundamentEdge
    Sep 30, 2022
    ANALYZE A BUSINESS IN 22 STEPS Are you lost when your PM asks you "hey, go look at XYZ stock?" I've been there. While the business research process is a creative process with no set standard, I'd like to give you my roadmap in case it is helpful. Ultimately as investors, we
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    Brett Caughran
    @FundamentEdge
    Aug 2, 2025
    I have a few thoughts on this (having made the leap from a hedge fund PM seat to entrepreneurship four years ago). I started in my first hedge fund seat at 23 and I am 40 now. In my experience, only a select few individuals make it in a hedge fund seat for more than 20 years (I
    user avatar
    Blueprintsmb
    @blueprintsmb22
    Aug 2, 2025
    Curious what others recommend when these individuals ask for career advice. I tell 9/10 to find another W2. ETA requires a level of grit that is incongruent with eating room temperature chicken at the Four Seasons at an IPO lunch.
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    Brett Caughran
    @FundamentEdge
    Sep 12, 2022
    A PODCAST CURRICULUM FOR THE ASPIRING BUY-SIDER: Early in my career I worked at a firm that also had an in-house fund of funds. This fund had a very good up front training program, but the monthly analyst training program really blew my mind. A few times per year, we had
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    Brett Caughran
    @FundamentEdge
    Nov 2, 2023
    THE PRIMACY OF REVENUE GROWTH Having grown up as a Tiger-style investor, one of the lessons that sticks with me the most is the value of revenue growth. As an impressionable 24 year old analyst, I will never forget Steve Mandel from Lone Pine telling our analyst group a simple
    263K
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    Brett Caughran
    @FundamentEdge
    Jul 14, 2023
    5 THINGS I WISH I KNEW AS A FIRST TIME HEDGE FUND PORTFOLIO MANAGER I've had some DMs / e-mails over the last few months seeking advice on the move from a single manager analyst seat to a multi-manager PM seat, which I thought I would tackle on this fine Friday afternoon If you
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    Brett Caughran
    @FundamentEdge
    Aug 1, 2022
    MODELING SERIES: REVENUE BUILD APPROACHES 1 Crack open an elite buy-side model and perhaps the biggest takeaway will be how much works goes into the revenue build. Our job is to be right on Forecast Metrics (EBITDA, EPS, FCF) and you can't do that without being right on Revenue.
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    Brett Caughran
    @FundamentEdge
    Sep 8, 2023
    BEAT THE PODS: A 7-POINT RECIPE FOR SINGLE MANAGERS There has been some fun discussion here recently about the trend from single manager hedge funds (SMs) to multi-manager hedge funds (MMs or "pods"). Which is very sensical after a year like 2022 where there was a big
    463K
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    Brett Caughran
    @FundamentEdge
    Jun 25, 2022
    Had a DM question asking for advice for a brand new analyst working at a pod shop. Noodled on it, and figured I would share the thoughts broadly in case helpful. I am far from the most tenured and successful pod PM - spent 4 years as a PM at combo of D.E. Shaw (not a pod)…
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    Brett Caughran
    @FundamentEdge
    Nov 1, 2023
    MY DAILY SCHEDULE AS A PORTFOLIO MANAGER Last week in class at ASU I had a PM at a NYC hedge fund come in as a guest speaker. A student asked him the typical "day in the life" question and we got a good laugh thinking about a "Hedge Fund Morning Routine" post...his first step
    277K