 ak Associates, ltd. was founded by James D. Oelschlager, Margaret L. Ballinger, Donna L. Barton, and Gloria L. Kline in 1985. The large-cap growth strategy that is in place today is the same strategy that has been used since inception. Prior to 1985, Mr. Oelschlager, Ms. Ballinger, Ms. Barton, and Ms. Kline served in the Pension Investments Department at the Firestone Tire & Rubber Company. In 1969, the department began to manage a $250 million pension plan. Over the fifteen-year period under their management, the fund's growth enabled Firestone to eliminate contributions and pay out $80 million per year to retirees. By 1984, the total fund was valued at $1.2 billion, with $330 million in surplus assets after allowing for benefit payments required. Firestone terminated the plan in 1984 and recaptured the excess.
At that time, Oak was formed with the same investment principles and staff that had led to the success of Firestone's pension plan. Today, the expanded investment team continues to manage the assets of Firestone, in addition to a family of no-load mutual funds, assets for high net worth individuals, and some of the nation's largest institutions.
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Suite 250