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I recognize Chuck Akres name as the only manager of the FBR Focus Fund from its inception until 8-22-09, and wonder why he left to start the Akre Focus Fund?

April 26, 2017FBR focus fund inception Left manager recognize wonder

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I recognize Chuck Akres name as the only manager of the FBR Focus Fund from its inception until 8-22-09, and wonder why he left to start the Akre Focus Fund?

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You are correct in noting that during that time, Chuck was the sole portfolio manager of that fund. As an advisor, we are able to establish and maintain direct investor relationships in a way that we could not as a sub-advisor. Having these direct relationships is much more in keeping with our desire to treat our investors as our partners.