Managing member and CEO of Akre Capital Management, Charles Akre has been in the securities business since 1968 and continues to be the primary person responsible for Akre Capital Management's (ACM) investment advisory services and investment selection. Prior to managing the Akre Focus Fund, Mr. Akre was the sole portfolio manager to the FBR Focus Fund from its inception in December 1996 through August 2009. He previously held positions as shareholder, director, and CEO of Asset Management Division and director of research at Johnston, Lemon & Co. (a NYSE member firm). Mr. Akre established ACM in 1989, and for a time, operated it as part of Friedman, Billings, Ramsey & Co., ending in 1999. In 2000, ACM again became independent and established its current location in Middleburg, Virginia in early 2002. Mr. Akre holds a BA in English literature from American University.