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Chuck Akre launches Akre Focus Fund

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Akre Capital Management has launched the Akre Focus Fund, managed by Charles T. (Chuck) Akre Jr., who resigned as sub-adviser of FBR Focus Fund on 22 August.

Akre Capital Management has launched the Akre Focus Fund, managed by Charles T. (Chuck) Akre Jr., who resigned as sub-adviser of FBR Focus Fund on 22 August.

Akre (pictured), managing member and chief executive officer of Akre Capital Management, intends to follow the same stock picking system that he employed for 13 years as the founding manager of the FBR fund.

"While Akre Focus Fund is a new mutual fund, we do expect many investors who have had an above average experience over the past 13 years to follow Chuck from the old focus fund to Akre Focus Fund. He has been their manager of record since inception. Chuck brings with him more than 40 years of experience in the securities business and a highly regarded reputation in fund management," says Andrew Schaefer, president and chief operating officer at Akre Capital.

"We want to build a closer relationship with shareholders," says Akre. "The recent economic crisis of confidence has underscored the need to communicate well and often to investors. We plan to do just that. With our own fund, we have a greater opportunity to control our own destiny.’

Akre’s investment style will remain the same, as the fund will invest in companies believed to offer the best opportunities for growth, regardless of size or sector. This approach allows the portfolio manager to look for businesses with high returns and low risk that are reasonably priced. In addition, the portfolio favours companies managed by people who put shareholder interests first.

The fund anticipates being available from major brokerage platforms such as Fidelity, Pershing, Schwab and TD Ameritrade in the near future.

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