Trusted Managers, New Funds

These funds are run by managers who went out on their own after achieving fine records elsewhere.

During a 12-year stint at the helm of fbr focus, Chuck Akre compiled a distinguished record as a stock picker. Between 1997 and 2009, his fund posted an annualized return of 13%, better than 90% of its peers. But three years ago, Akre walked away from FBR to launch his own fund, Akre Focus. Though his fund has a new name, Akre says, little else has changed. He follows the same investing mandate he used at FBR: to find well-managed companies of any size with high and sustainable profitability.

So far, things have worked out well for Akre and his shareholders. Since Akre Focus’s inception in August 2009, the fund, a member of the Kiplinger 25, has gained 15.0% annualized. The fund outpaced Standard & Poor’s 500-stock index in 2010 by four percentage points; in 2011, it beat the index by almost nine points.

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.