Akre grew up in Washington, D.C. He graduated from Blair Academy while he matriculated to American University where he acquired a BA in English Literature. He chose to venture in the securities business in 1968 after deciding against attending medical school.
Chuck has had various career moves that have helped prop him to the top. He has held positions as shareholder, Director, and CEO of the Asset Management Division, as well as Director of Research at NYSE member firm Johnston, Lemon & Co. After gaining adequate experience and showing the world of investment what he’s got, he established his own firm, the Akre Capital Management, which is currently based in Middleburg, Virginia. The company was developed in 1989 and was first operated as part of Friedman, Billings, Ramsey & Co. until 1999. ACM became an independent company in 2000. Its Middleburg headquarters was established in early 2002 while he was managing the FBR Focus Fund, a small- and mid-cap value mutual fund.
Under Akre’s leadership, FBR Focus performed in the top 1% of small- and mid-cap growth funds in the years 2002, 2004, and 2006. Meanwhile, it was included in the 2nd percentile in 2001 and in the 6th percentile in 2008. In 2009, Akre formed the Akre Focus Fund after he broke from FBR.
As for Akre Capital Management, it is a long-term, concentrated value investment firm. Akre, together with his team of analysts, is known for conducting intense research. They are also noted for their contrarian investments, particularly in the cell phone tower space during the 2001-2003 period.