Akre Focus Fund Expands Portfolio Management Team
31 July 2014 - 12:12AM
Business Wire
Akre Capital Management, LLC (ACM) has named John H. Neff and
Thomas D. Saberhagen as Co-Portfolio Managers of the Akre Focus
Fund (AKREX; AKRIX), effective August 1, 2014, with Charles (Chuck)
T. Akre, Jr. continuing to serve as Portfolio Manager.
“This is a natural evolution in the growth of our business and a
recognition of the value Tom and John have brought to Fund
shareholders,” said Chuck Akre. “Since the Fund’s launch almost
five years ago, Tom and John have been instrumental in providing
the research and analysis that underpins our search for
extraordinary investments and the results we have enjoyed as a
team. They both have a deep understanding of our investment process
and have enhanced the culture of the firm in large and small ways.
I believe having them as co-managers provides consistent direction
for the Fund for many years to come.”
John Neff and Tom Saberhagen, who became Partners at ACM in
January 2013, joined the firm’s investment team as Senior Analysts
in 2009.
Before joining ACM, John served as a Senior Equity Analyst for
William Blair beginning in 2002 after joining its Equity Research
department in 1999. He holds an M.B.A. from the University of
Chicago and a B.A. from Colgate University.
Prior to joining ACM, Tom served as Senior Analyst for Aegis
Financial Corporation, which he joined in 2002. He holds an M.B.A.
from Stanford University and a B.A. in Mathematics and Philosophy
from Rice University.
In addition to serving as the Fund’s portfolio manager, Chuck
serves as the managing member of ACM which he founded in 1989.
About The Akre Focus Fund
The Akre Focus Fund is a multi-cap equity fund. The goal of the
fund is to achieve above average investment returns for our
investors, while incurring below average market risk. We believe
the simplest way to meet this goal is to hold concentrated
positions in what we believe to be extraordinary businesses with
the following characteristics: 1) a strong and durable business
model, often evidenced by pricing power or high cash returns on
invested capital, 2) best-in-class managers who treat shareholders
as partners, and 3) extensive histories and opportunities to
reinvest cash at above average rates of return. We seek to buy such
businesses at attractive prices and continue to hold them for as
long as we feel they remain extraordinary.
About Akre Capital Management, LLC
From its offices in Middleburg, Virginia, Akre Capital
Management, LLC is an investment adviser to the Akre Focus Fund and
private partnerships with adviser assets under management of just
under $4 billion as of July 30, 2014.
Mutual fund investing involves risk. Principal loss is
possible. The Fund is non-diversified, meaning it may concentrate
its assets in fewer individual holdings than a diversified fund.
Therefore, the Fund is more exposed to individual stock volatility
than a diversified fund. The Fund invests in small- and
medium-capitalization companies, which involve additional risks
such as limited liquidity and greater volatility than larger
capitalization companies.
Past performance does not guarantee future results.
The Fund’s investment objectives, risks, charges and expenses
must be considered carefully before investing. The summary and
statutory prospectus contains this and other important information
about the investment company, and it may be obtained by calling
877-862-9556, or visiting www.akrefund.com. Read it carefully
before investing.
The Akre Focus Fund is distributed by Quasar Distributors,
LLC.
Kanter & CompanyVictoria Odinotska, 703-534-3735