Preserver Partners Launches New Liquid Alternative Mutual Fund

Mar 4 2016 | 9:44pm ET

Alternative asset manager Preserver Partners has launched a new liquid alternative mutual fund aimed at providing investors with access to multiple asset classes and strategies in a single diversified portfolio with daily liquidity and transparency. 

The new fund, named Preserver Alternative Opportunities Fund, will trade under the symbols PAOIX and PAORX, according to a company statement. It will aim to generate attractive risk-adjusted returns, income generation and diversification with less risk than traditional stocks and bonds through a “fully flexible” investment approach that allows for investing across asset classes and strategies. 

Initially, the new Preserver fund may allocate to reinsurance, commercial and residential mortgage-backed securities, closed-end funds, global common and preferred stocks, and government and corporate fixed income securities. 

The fund will employ both internal portfolio management and highly qualified sub-advisers, according to the statement. It will target a 4-5% annual yield and, unlike many multi-manager alternative funds, will only have one layer of investment management fees.

“We are pleased to offer the Preserver Alternative Opportunities Fund to a broader universe of retail and institutional investors using the same investment philosophy that we have used in our private fund,” said Floyd Tyler, portfolio manager of Preserver Funds. 

Founded in 2009 by Tyler, Memphis, TN-based Preserver Partners is an SEC-registered alternative asset management firm that manages a liquid alternatives mutual fund and private investment funds for public and corporate pension plans, corporations, profit-sharing plans, endowments and foundations, and individuals. 

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