Products August 31, 2009
Va. Firm Unveils Equity Fund
Akre Capital Management, LLC, has launched the Akre Focus Fund.
Reported by Fred Schneyer
The Middleburg, Virginia, firm said in a news release that the fund will be managed by Charles T. Akre, Jr., who resigned as sub-adviser of FBR Focus Fund on August 22.
According to the announcement, the fund will invest in companies believed to offer the best opportunities for growth, regardless of size or sector. The company said managers would “look for businesses with high returns and low risk that are reasonably priced.”
The company said the new offering would be available from major brokerage platforms in the near future. The fund offers retail (Ticker: AKREX) and institutional (Ticker: AKRIX) share classes.
More information is available at www.akrefund.com.
You Might Also Like:
US Retirement Assets Hit Record $40T
Asset growth is led by an increase in holdings in IRAs and 401(k) plans.
Raymond James Fined Over Mutual Fund Monitoring
FINRA fined two of the firm’s subsidiaries a total of $1.8 million for allegations of failing to properly review mutual...
Mutual Fund Managers ‘Dodge Bullet’ on Swing Pricing
The SEC decided not to move ahead with what the mutual fund industry had argued would be a costly proposal to manage market volatility.