What is the Top Hedge Fund Course?
Our Hedge Fund Course is an intensive, career-oriented training program designed to prepare aspiring buy-side analysts and investment professionals.
In partnership with Fundamental Edge, Wall Street Prep co-developed a self-paced program in 2023 with the intention of redefining the quality of training delivered to investment analysts on the buy-side.
Hedge Fund Course: How to Become an Investment Analyst
The Buy-Side Modeling Course is a collaborative hedge fund training program created by Wall Street Prep and Fundamental Edge to equip investment professionals with the necessary toolkit and abilities to have a successful career on the buy side.
Our training program is designed to prepare aspiring hedge fund analysts and investment professionals for a successful, long-term career on the buy side.
If you are a candidate recruiting for an investment role at a hedge fund or asset manager searching for the top hedge fund training course available on the market, look no further.
Because of the stiff competition to secure a role as an investment professional on the buy side – not to mention, the opaque, unstructured recruiting process inherent to the hedge fund industry – receiving an offer is a challenging task in itself.
Unfortunately, there is a definite void in readily available, quality resources and preparation material for candidates recruiting to join a hedge fund, asset manager, or public equities investment firm.
Practically all of the other hedge fund courses out there and preparation material available online are overgeneralized, and the practical investing skillset necessary to outperform on the job is not usually taught.
The solution? Our Buy-Side Financial Modeling Course, a unique training program that blends the investing concepts taught in academia with real, practical skills learned on the job.
Led by Brett Caughran – a seasoned hedge fund veteran with more than ten years of experience at some leading firms such as Maverick Capital, D.E. Shaw, and Citadel – trainees will learn to build a comprehensive buy-side model starting from scratch.
Course participants will become equipped with the frameworks and tools to optimize their investing performance through hands-on training directly from an experienced investment professional in a succinct, condensed format.
Trainees will be capable of applying a systematic investment process to build a high-quality investment thesis by the end of the course that is certain to impress interviewers at hedge funds, institutional asset managers, and other investment firms.
Life of a Hedge Fund Analyst (Source: Buy-Side Financial Modeling Course)
Hedge Fund Course: What is the Training Curriculum?
The curriculum of our intensive, hedge fund training program focuses on the process of performing fundamental equity analysis on publicly traded securities and mental frameworks to guide investment decisions.
Our hedge fund training program consists of six modules and 82 lessons in total.
|Course Curriculum||Training Module Description|
|Module 1: Process Driven Investing||
|Module 2: Buy-Side Model Construction||
|Module 3: Analyzing a Business||
|Module 4: Buy-Side Forecasting Frameworks||
|Module 5: Buy-Side Valuation||
|Module 6: Buy-Side Thesis Development||
The course curriculum emphasizes engaging, “hands-on” training using real-world examples.
Understanding the process of financial modeling and key metrics such as ROIC is a prerequisite to being a successful investor, but the more challenging part is tying all of the analysis to formulate a defensible investment thesis.
For instance, Winnebago Industries, Inc. (NYSE: WGO) is the subject of the main case study, in which we’ll perform comprehensive diligence using a structured approach starting from scratch.
The hedge fund training course is an ~8-hour self-paced program that bridges the gap between merely understanding the mechanics of financial modeling in Excel and being intuitive in investing.
Financial models on the buy side are built to develop an in-depth understanding of the underlying business and formulate an investment thesis (and formal recommendation) on the opportunity at hand.
One critical aspect of working on the buy side is understanding that proficiency in financial modeling does not equate to being adept at investing in the public markets.
Constructing an investment thesis based on analyzing the company’s business model, financials and pricing by the market is a task with much discretion, wherein sound judgment and a structured process to select investments is required.
Hence, our hedge fund course goes far beyond teaching the mechanics of financial modeling by providing trainees with the mental frameworks and processes to sharpen their investing intuition, including practical tools to improve their performance on the job.
Course participants are equipped with the skill set to navigate the intellectually demanding tasks encountered in buy-side equity investing roles.
Over the course of the program, we highlight the fact that a financial model is the “centerpiece” of rigorous deep-dive analyses performed by buy-side equity analysts.
WGO Case Study Model (Source: Buy-Side Financial Modeling Course)
Hedge Fund Course: What are the Key Learning Objectives?
So, what will trainees learn by enrolling in the hedge fund course for buy-side training?
The following table describes some of the key topics covered in our Buy-Side Modeling course:
|Process Driven Investing||
|Buy-Side vs. Sell-Side Model||
|Consensus Estimates and Revisions||
|Current State – Future State Economics||
|Expectations Investment + Forecast Metrics||
|Earnings Beat / (Miss)||
|Buy-Side Model Construction||
|3-Statements and Below-the-Line Items||
|DCFs and Market Valuation (Comps)||
|WGO Case Study||
|Buy-Side Thesis Development||
What is the Best Hedge Fund Course? (2023 Update)
So, why is our hedge fund course the top option for those pursuing a career in public equities investing on the buy-side, or those seeking to refine their skills to improve performance on the job?
Our hedge fund course is by far the top offering available on the market because the training material is based on the accumulated knowledge of a real-life, seasoned hedge fund professional.
The insights that the program trainees will derive from undergoing our hedge fund course are not just based on academic theory but were rather collected from the real experience of a seasoned, long-term practitioner.
Therefore, the topics taught by the course instructor – Brett Caughran – are directly based upon the lessons learned over a decade-long career, with engaging commentary on the most valuable pieces of advice that improved performance, including the lessons learned from prior mistakes.
At the end of the day, there is still no replacement for real experience, but our hedge fund course is a quick method to learn from the experience of an actual practitioner, effectively placing program trainees ahead of the curve for recruiting.
The lessons reflect the core concepts that are seldom taught by other hedge fund courses available in the market.
While there are rarely true shortcuts in one’s career, the option to learn from the musings of an experienced hedge fund professional is a unique opportunity and serves as a key differentiating factor that sets our hedge fund course far apart from any other sub-par offerings in the market.
Hedge Fund Training Program: What are the Course Prerequisites?
Quick disclaimer: our hedge fund course was developed to fast-track the buy-side career of candidates in the most efficient manner possible.
The objective of the curriculum is to condense the accumulated insights and investing knowledge necessary to be a buy-side investor – which formerly required years of experience – into a focused, boot-camp-style program.
With that said, our hedge fund course is fast-paced and assumes a baseline understanding of financial modeling, valuation techniques (DCF, Comps), financial accounting, navigating financial filings / reports, and proficiency in Excel, of course.
Therefore, for those with limited experience in any of those areas, or for those in need of a quick “brush-up” – it would be in your best interest to purchase and complete our prerequisite courses beforehand to ensure the lessons in the buy-side training program are more intuitive and valuable.
The specific prerequisite courses that we recommend are as follows, which are all offered at discounted pricing rates (25%), since our priority is to ensure the training program is easy to comprehend and the full value of the educational material is received by all of our course enrollees, irrespective of prior experience level.
- Accounting Crash Course
- Excel Crash Course
- Analyzing Financial Reports
- Non-GAAP Reporting
- Basic Financial Modeling
- Valuation and DCF Modeling
Free Hedge Fund Investment Framework – One-Pager (PDF)
For a glimpse into the training material covered in our hedge fund course, fill out the form below to download the investment framework one-pager pulled directly from our buy-side modeling training modules.
The structured process outlined in the PDF one-pager provides the initial groundwork of the investing mental models, which Brett will teach how to apply in practice using an intuitive, step-by-step approach.
Who is the Hedge Fund Certification for?
The Buy-Side Modeling course serves as a practical training program for candidates recruiting for hedge fund analyst roles as well as for working professionals in the public markets.
In particular, those who fall into one of the following categories should obtain significant value by enrolling in our hedge fund training program:
- Aspiring Hedge Fund Analysts
- Upcoming Portfolio Managers
- Seasoned Asset Managers
- Sell-Side to Buy-Side Career Switchers (e.g. Investment Banking → Hedge Fund)
- Junior Hedge Fund Analysts
- Hedge Fund Interns (Undergraduate or MBA)
- Public Equity Investors
Upon completion of the Buy-Side Financial Modeling course, trainees are eligible to obtain a formal certification offered by Wall Street Prep and Fundamental Edge.
- Certification Exam Format → The Buy-Side Financial Modeling course examination will be conducted in an online format, with questions covering the most challenging concepts taught during the training program.
- Exam Score Requirement → The criteria to earn the certificate is an exam score above 70%.
While attaining the Buy-Side Financial Modeling Certificate is one component of our training program, note that the real value of completing our hedge fund course stems from completing the intensive training program and being capable of applying the concepts learned on the job.
Meet Your Instructor: Brett Caughran (Fundamental Edge)
Over the course of 7 years at Maverick Capital, Brett was an analyst on the consumer team, a senior analyst on the small-cap team, and a managing director (MD) on the healthcare team.
While an investor at D.E. Shaw, Brett managed a $1bn+ healthcare long-short equity (L/S) factor neutral portfolio, leading a team of 3 other investment professionals.
At Citadel, Brett managed a $1bn+ healthcare long-short equity factor-neutral portfolio leading a team of 9 investment professionals.
Brett is a graduate of Arizona State University (ASU), where he serves as an adjunct professor.