Jump to content

Salient Partners: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
New information on deceased CEO and interim replacement with citation
m rvt blocked sock
Line 1: Line 1:
{{Infobox Company
{{Infobox Company |
| company_name = Salient Partners
company_name = Salient Partners|
| company_type = [[Private company|Private]]
company_type = [[Private company|Private]]|
| foundation = 2002
foundation = 2002 |
| key_people = J. Philip Ferguson (interim CEO)<br/>Jeremy L. Radcliffe (President)<br/>W. Ben Hunt (Chief Investment Strategist)
key_people = John A. Blaisdell (CEO)<br/>Jeremy L. Radcliffe (President)<br/>W. Ben Hunt (Chief Investment Strategist)|
| location = [[Houston]], United States
location = [[Houston]], United States|
| industry = [[Private equity]]
industry = [[Private equity]] |
| products = [[Venture capital]]<br/>[[Emerging markets]]<br/>[[Risk parity]]
products = [[Venture capital]]<br/>[[Emerging markets]]<br/>[[Risk parity]] |
| assets = $14 billion<ref name=Brazil>{{cite web |url=https://www.bloombergquint.com/markets/2017/05/26/templeton-to-salient-eyeing-brazil-as-inflows-gush-after-selloff |title=Templeton to Salient Eyeing Brazil as Inflows Gush After Selloff|last1=Bartenstein|first1=Ben|last2=Cota|first2=Isabella|date=May 26, 2017 |publisher=[[BloombergQuint]] |access-date=December 4, 2017}}</ref>
assets = $14 billion<ref name=Brazil>{{cite web |url=https://www.bloombergquint.com/markets/2017/05/26/templeton-to-salient-eyeing-brazil-as-inflows-gush-after-selloff |title=Templeton to Salient Eyeing Brazil as Inflows Gush After Selloff|last1=Bartenstein|first1=Ben|last2=Cota|first2=Isabella|date=May 26, 2017 |publisher=[[BloombergQuint]] |access-date=December 4, 2017}}</ref>|
| homepage = [http://www.salientpartners.com/ www.salientpartners.com]|
homepage = [http://www.salientpartners.com/ www.salientpartners.com] |
}}
}}


Line 15: Line 15:
==History==
==History==
The firm was founded in 2002 by Andrew Linbeck, Haag Sherman, Jeremy Radcliffe and John Blaisdell.<ref>{{cite web |url=https://www.bizjournals.com/houston/stories/2009/05/25/smallb1.html|title=Throwing away the cookie cutter: Salient Partners|last=Hillen|first=Michelle|date=May 24, 2009|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 4, 2017}}</ref> 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.<ref>{{cite web |url=https://www.bizjournals.com/houston/stories/2003/05/05/daily13.html|title=Sanders Morris Harris acquires stake in Salient Partners|date=May 6, 2003|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 4, 2017}}</ref> SMHG sold its ownership interests back to Salient in 2008.<ref>{{cite web |url=
The firm was founded in 2002 by Andrew Linbeck, Haag Sherman, Jeremy Radcliffe and John Blaisdell.<ref>{{cite web |url=https://www.bizjournals.com/houston/stories/2009/05/25/smallb1.html|title=Throwing away the cookie cutter: Salient Partners|last=Hillen|first=Michelle|date=May 24, 2009|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 4, 2017}}</ref> 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.<ref>{{cite web |url=https://www.bizjournals.com/houston/stories/2003/05/05/daily13.html|title=Sanders Morris Harris acquires stake in Salient Partners|date=May 6, 2003|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 4, 2017}}</ref> SMHG sold its ownership interests back to Salient in 2008.<ref>{{cite web |url=
https://www.fa-mag.com/news/sanders-morris-sells-salient-partners-stake-3469.html|title=Sanders Morris Sells Salient Partners' Stake|date=October 2, 2008|publisher=Financial Advisor |access-date=December 4, 2017}}</ref> In 2015, Salient was the third largest Houston-area money management firm ranked by local assets under management at $21.5 billion.<ref>{{cite web |url=
https://www.fa-mag.com/news/sanders-morris-sells-salient-partners-stake-3469.html|title=Sanders Morris Sells Salient Partners' Stake|date=October 2, 2008|publisher=Financial Advisor |access-date=December 4, 2017}}</ref> In 2015, Salient was the third largest Houston-area money management firm
ranked by local assets under management at $21.5 billion.<ref>{{cite web |url=
https://www.bizjournals.com/houston/subscriber-only/2015/03/06/money-management-firms.html|title=Largest Houston-Area Money Management Firms|last=Henry|first=Madison|date=March 6, 2015|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 6, 2017}}</ref> That same year, the firm completed its acquisition of Forward Management LLC, reporting a resulting $27.6 billion in combined assets.<ref>{{cite web |url=
https://www.bizjournals.com/houston/subscriber-only/2015/03/06/money-management-firms.html|title=Largest Houston-Area Money Management Firms|last=Henry|first=Madison|date=March 6, 2015|publisher=[[American City Business Journals|Houston Business Journal]] |access-date=December 6, 2017}}</ref> That same year, the firm completed its acquisition of Forward Management LLC, reporting a resulting $27.6 billion in combined assets.<ref>{{cite web |url=
http://www.pionline.com/article/20150211/ONLINE/150219956/salient-partners-to-acquire-forward-management|title=Salient Partners to acquire Forward Management|last=Williamson|first=Christine|date=February 11, 2015|publisher=[[Crain Communications|Pensions & Investments]] |access-date=December 4, 2017}}</ref>
http://www.pionline.com/article/20150211/ONLINE/150219956/salient-partners-to-acquire-forward-management|title=Salient Partners to acquire Forward Management|last=Williamson|first=Christine|date=February 11, 2015|publisher=[[Crain Communications|Pensions & Investments]] |access-date=December 4, 2017}}</ref>


In 2012, the firm launched the Salient Risk Parity Index, purportedly the first of its kind for the industry.<ref name=SRPIndex>{{cite web |url=http://www.opalesque.com/643247/Salient_Partners_launches_Salient_Risk_Parity_Index324.html|title=Salient Partners launches Salient Risk Parity Index|last=McCann|first=Bailey|date=August 21, 2012|publisher=Opalesque |access-date=December 4, 2017}}</ref>
In 2012, the firm launched the Salient Risk Parity Index, purportedly the first of its kind for the industry.<ref name=SRPIndex>{{cite web |url=http://www.opalesque.com/643247/Salient_Partners_launches_Salient_Risk_Parity_Index324.html|title=Salient Partners launches Salient Risk Parity Index|last=McCann|first=Bailey|date=August 21, 2012|publisher=Opalesque |access-date=December 4, 2017}}</ref>

In 2018, Salient sold its wealth management business to [[Chicago]]-based HighTower.<ref name=":0">{{Cite web|title=Salient CEO passes away|url=https://www.bizjournals.com/houston/news/2020/02/19/ceo-of-houston-asset-management-firm-dies.html|last=|first=|date=|website=www.bizjournals.com|url-status=live|archive-url=|archive-date=|access-date=2020-05-13}}</ref>

In February 2020, [[Chief executive officer|CEO]] John Blaisdell died unexpectedly. J. Philip Ferguson was appointed the firm's interim chairman and interim CEO. Ferguson had served as an independent board manager for the company for more than seven years.<ref name=":0" />


==Media==
==Media==

Revision as of 03:17, 10 June 2020

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.


Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Salient_Partners&oldid=961732360"