This separation is most unfortunate...and the unilateral announcement of Chuck Akre's Sept 22 departure without any replacement named is not comforting to me as a shareholder....so I hit sell today even as lossess were being recovered at a healthy clip...and will look to maybe hook up with Akre on his new mutual fund he is starting.

FBR does a lousy job of shareholder communications. Why they do not announce a replacement at the same time as a deaprture is another screw up of Ellison who did a horrible job the last time there were changes in the funds and FBRVX was opened up to new investment.