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Chuck Akre
Chuck Akre
Previous gig: As manager of mid-cap oriented FBR Focus (FBRVX), Akre 67, built one of the best long-term records in the industry. From its 1996 inception through 2009, the fund had returned 13% annually.

Why he split: When FBR Capital Markets' ownership changed hands last year, Akre says, the fund company asked to renegotiate his arrangement. He declined -- and left to start his own fund, Akre Focus (AKREX).

Today: FBR retained his analyst team, but Akre lured away some of his investors. His new fund's assets are approaching $200 million. "We're pleased that some of the investors from the old fund came over," he says.

NEXT: Tom Marsico

Last updated March 16 2010: 6:16 PM ET
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