Jump to content

Chuck Akre interview on Wealthtrack


Liberty

Recommended Posts

Great interview. Thanks for posting.

 

Side question: Does anyone have Akre track record, going as far back as possible? Thanks.

 

http://www.marketwatch.com/story/top-manager-quits-mutual-fund-2009-08-05

 

13% annualized from Dec 1996 to Aug 2009 as a manager of FBR Focus Fund. The end date is not far from the bottom of the crisis. I would venture a guess that he was averaging better than 15% before the crisis.

 

 

 

 

 

 

Link to comment
Share on other sites

I did a quick calculation on his old fund. The symbol now is HFCSX. Hennessy took over the FBR fund family.

 

From 12/31/2006 - 12/31/2007 a $10,000 investment would have turned into $52,962.40 - 16.39% after fees.

Link to comment
Share on other sites

Interesting that American Towers is one of his largest holdings. He had a very good narrative about it in the interview: future increase in demand for cell towers with increase in speed over time (3G to 4G to....etc). Last year (and 50% ago) there was a short counter argument claiming their overseas investments are destroying value and that data usage growth will circumvent cell towers. I don't have a strong opinion personally but interesting to hear two opposing intelligent points of view.

 

http://www.muddywatersresearch.com/research/amt/initiating-coverage-amt-full-report/

Link to comment
Share on other sites

  • 1 year later...
  • 2 years later...
  • 1 year later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...