News
May 8, 2020Will Preston Named Co-Manager of Fenimore Mutual Fund
Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, announced that Will Preston has been promoted to Co-Manager of the FAM Dividend Focus Fund (FAMEX).
Mr. Preston joins longtime Fenimore Investment Research Analyst Paul Hogan and Fenimore Founder and Executive Chairman Tom Putnam in managing the FAM Dividend Focus Fund. FAMEX seeks to purchase shares in a select number of quality companies that pay a growing dividend. We believe these stocks should also have the potential for long-term capital appreciation. In our experience, quality companies that pay a growing dividend can provide downside protection and upside potential.
Mr. Preston is a firm Principal and has served as an Investment Research Analyst since joining Fenimore in 2016. He also worked as a Fenimore Investment Research Intern while in college. In between, he spent four years at Renaissance Capital, most recently as a Senior Research Analyst. Mr. Preston holds the Chartered Financial Analyst (CFA®) designation from the CFA Institute. He earned a bachelor’s degree in Business Administration with a concentration in Finance/IT Management and a minor in Economics from the University at Albany.
“Will’s research experience and deep understanding of our investment process should be of tremendous value to the FAM Dividend Focus Fund and its investors,” said Fenimore CEO John Fox. “His insights and analytical abilities have contributed greatly to the Fund’s performance in recent years and Will is deserving of this expanded role.”
Founded in Cobleskill in 1974, Fenimore Asset Management is an independent, nationally recognized investment advisor with more than $2.9 billion in assets under management (as of 4/30/2020) through its Cobleskill and Albany offices. Fenimore offers both customized separately managed accounts and a family of mutual funds that can be used for retirement and other long-term investment planning. The firm’s team of professionals prides itself on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.
