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Salient Partners

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Salient Partners
Company typePrivate
IndustryPrivate equity
Founded2002
HeadquartersHouston, United States
Key people
John A. Blaisdell (CEO)
Jeremy L. Radcliffe (President)
W. Ben Hunt (Chief Investment Strategist)
ProductsVenture capital
Emerging markets
Risk parity
Total assets$14 billion[1]
Websitewww.salientpartners.com

Salient Partners is a private equity firm based in Houston, Texas, with offices in New York City, San Francisco and Newport Beach. The firm's strategies include emerging markets,[1] real estate investment trusts (REITs), master limited partnership (MLPs) investments,[2] managed futures,[3] risk parity funds,[4] and liquid alternative investments.[5]

History

The firm was founded in 2002 by Andrew Linbeck, Haag Sherman, Jeremy Radcliffe and John Blaisdell.[6] In 2003, the Sanders Morris Harris Group (SMHG) secured a 50% stake in the firm, and Salient combined its assets with SMHG's Pinnacle Management & Trust Co.[7] SMHG sold its ownership interests back to Salient in 2008.[8] In 2015, Salient was the third largest Houston-area money management firm ranked by local assets under management at $21.5 billion.[9] That same year, the firm completed its acquisition of Forward Management LLC, reporting a resulting $27.6 billion in combined assets.[10]

In 2012, the firm launched the Salient Risk Parity Index, purportedly the first of its kind for the industry.[11]

Media

Dr. W. Ben Hunt, Salient Partners' Chief Investment Strategist is the primary author for Salient's blog and newsletter Epsilon Theory,[12] a site that analyzes market trends through the lens of game theory.[13]

References

  1. ^ a b Bartenstein, Ben; Cota, Isabella (May 26, 2017). "Templeton to Salient Eyeing Brazil as Inflows Gush After Selloff". BloombergQuint. Retrieved December 4, 2017.
  2. ^ Blum, Jordan (June 20, 2015). "Shell and other Houston MLPs thrive for now". Houston Chronicle. Retrieved December 4, 2017.
  3. ^ Burger, Dani (July 7, 2017). "Cross-Asset Quants Are Facing Their Worst Losses in a Decade". Bloomberg. Retrieved December 4, 2017.
  4. ^ Wigglesworth, Robin (September 2, 2015). "Risk parity funds suffer a cruel summer". Financial Times. Retrieved December 4, 2017.
  5. ^ Bit, Kelly (February 11, 2015). "Salient Said to Buy Forward to Expand Alternative Funds". Bloomberg. Retrieved December 4, 2017.
  6. ^ Hillen, Michelle (May 24, 2009). "Throwing away the cookie cutter: Salient Partners". Houston Business Journal. Retrieved December 4, 2017.
  7. ^ "Sanders Morris Harris acquires stake in Salient Partners". Houston Business Journal. May 6, 2003. Retrieved December 4, 2017.
  8. ^ "Sanders Morris Sells Salient Partners' Stake". Financial Advisor. October 2, 2008. Retrieved December 4, 2017.
  9. ^ Henry, Madison (March 6, 2015). "Largest Houston-Area Money Management Firms". Houston Business Journal. Retrieved December 6, 2017.
  10. ^ Williamson, Christine (February 11, 2015). "Salient Partners to acquire Forward Management". Pensions & Investments. Retrieved December 4, 2017.
  11. ^ McCann, Bailey (August 21, 2012). "Salient Partners launches Salient Risk Parity Index". Opalesque. Retrieved December 4, 2017.
  12. ^ Santoli, Michael (June 13, 2017). "Why investors trust companies more than governments". CNBC. Retrieved December 4, 2017.
  13. ^ Lopez, Linette (June 23, 2017). "The Wall Street dad bro is having an existential crisis". Business Insider. Retrieved December 4, 2017.