Ten years, nearly 500 investors, five staff, and nearly $150 million in AUM: a liquid alts entrepreneur plans to double his headcount over a few years.
| Floyd Tyler|
Founder, President, Chief Investment Officer
Fundsters interested in boutiques may want to read the Daily Memphian's
of Memphis-based Preserver Partners
. The alternative asset manager was founded by Memphis native Floyd Tyler
in 2009 with just $1 million from one client, and in 2016 Preserver rolled out its mutual fund, which now has more than $21 million in AUM and about 400 investors.
"I attribute our growth to early institutions giving us an opportunity, as well as offering a mutual fund, which opens the door for smaller investors," Dana Pointer
, Preservation's chief operating officer and chief compliance officer, tells the paper.
The article highlights Preserver's local charity work and several of Preserver's institutional clients. Tyler, president and chief investment officer of Preserver, also reveals the firm's "new strategic partnership" with Pinnacle Bank
via an alternative income fund for the bank's trust and wealth management clients.
Looking ahead, in early 2020 Tyler aims to move the firm into a new HQ in a vacant, two-story building that Preserver bought last February.
Neil Anderson, Managing Editor
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