AKRE FOCUS FUND UPDATE CALL SET FOR OCTOBER 30th

Middleburg, VA, Oct. 29, 2012 (GLOBE NEWSWIRE) -- Akre Capital Management announced today that Chuck Akre, Chief Investment Officer and portfolio manager of the Akre Focus Fund (AKREX) will update investors on the fund's portfolio Tuesday, October 30^th at 4:00 pm EST and provide his insights about positioning in the current investment climate. A robust Q&A session with Mr. Akre will follow after his prepared remarks. The conference call may be accessed by dialing (877) 509-7719, and entering conference ID: 30811676, when prompted.

Chuck notes, "We are pleased that the Akre Focus Fund has gained substantial traction among risk-conscious investors over the past three years. I look forward to updating our shareholders on how we are positioning the fund amidst extraordinary times in the market.

The $1.2 billion Akre Focus Fund was recently awarded Morningstar's five star rating overall (among 673 funds in the Mid-Cap Growth category) as of September 30, 2012, the highest available rating derived from a weighted average of the fund's three year performance figures associated with the Morningstar Rating Metrics. As of 9/30/12, the Akre Focus Fund (Institutional Class) ranked in the 19th percentile out of 743 Mid-Cap Growth Funds over the one-year period and in the 18th percentile out of 673 Mid-Cap Growth funds over the three-year period based on total returns.

The Akre Focus Fund is a multi-cap equity strategy, based around Chuck Akre's "three-legged stool" investment process which seeks to identify "compounding machines." This process evaluates a company's ability to generate real economic value per share at above average rates, whether company management aligns its interests with those of its shareholders and the company's ability and willingness to reinvest excess capital back into the business. When a company has met these criteria, Mr. Akre and his team seek to buy its stock at a discount and hold it for the long-term.  

To submit a question for the Q&A session in advance please email your questions to questions@akrecapital.com no later than 5:00 pm EST on October, 29^th

About Akre Capital Management:

Akre Capital Management, LLC ("ACM") provides investment management services to individual accounts and acts as the investment adviser / investment manager for the Akre Focus Fund, Braddock Partners, LP,  and Braddock Partners Offshore, Ltd. While each pool of assets is managed based on the same fundamental principles, slightly different strategies are applied according to our clients' varying account assets and risk objectives, as well as SEC regulations.

Disclosures:

© 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) As of 09/30/2012 the Fund had a 5 star rating for the 3-year period  out of  673  Mid-Cap Growth Funds.

Morningstar, Inc. is an independent mutual fund research and rating service. Each Morningstar category represents a universe of funds with similar investment objectives. Rankings for the periods shown are based on fund total returns with dividends and distributions reinvested and do not reflect sales charges. The highest percentile rank is 1 and the lowest is 100.

Mutual fund investing involves risk. Principal loss is possible. The Fund is non - diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. The Fund invests in small and medium capitalization companies, which involve additional risks such as limited liquidity and greater volatility than larger capitalization companies.

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the investment company and it may be obtained by calling (877) 862 - 9556 or visiting www.akrefund.com. Read it carefully before investing.

The SEC does not endorse, indemnify, approve, nor disapprove of any security.

The Akre Focus Fund is distributed by Quasar Distributors, LLC