Chuck Akre is portfolio manager of the FBR Small Cap Fund, and founded his firm, Akre Capital Management (ACM), in 1989. He currently manages about $2 billion in assets. Akre was an employee of FBR at the time the fund started, and has managing FBR Small Cap since its inception. After separating ACM from FBR at the end of 1999, Akre’s firm became sub-advisor to the fund. Previously, Akre was director of research at Johnston, Lemon, and CEO of its asset management division.