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Thursday April 17, 2014
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Capital Partnership

 

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Matt is president and CEO of the Amherst Fund, a private equity investment company his father started in 1998. Matt stepped into the business when Nub dialed back his involvement and started wintering in Florida in 2004.

"If we disagree on anything, it's positives and negatives of analysis," Matt explains. "If we were always to agree on everything, we'd make a lot of mistakes."

The Turners arrived in the investment world in very different ways. Nub graduated from U-M in 1961 with a bachelor's in English and dreams of becoming a poet. He wound up as sales manager of Chrysler's Introl parts division.

In 1980, pummeled by Michigan's infamous "double dip" recession, Chrysler announced plans to sell the Introl factory in downtown Ann Arbor. As King-Seeley, it was long the city's largest private employer, but by then it was down to seventy or so workers making a single, dated product: a speed governor for diesel truck engines.

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