Friday, 27 November 2015
Last updated 1 day ago
Nov 22 2010 | 10:28am ET
Texas-based investment firm Salient Partners has acquired Integrity Capital Services and appointed Integrity founder Lee Partridge as Salient CIO.
Partridge currently serves as portfolio strategist for the San Diego County Employees Retirement Association’s (SDCERA) $7.7 billion portfolio, where he has assisted in the implementation of a new asset allocation framework and helped the fund increase its exposure to alternative investments. Prior to this, Partridge served as deputy CIO of Teachers Retirement System of Texas (TRS), a plan with assets of approximately $95 billion in 2010.
Salient’s acquisition of Integrity is a part of an overall strategy to incorporate a quantitative approach to asset allocation, focus on cost savings for the benefit of clients and use alternative investments and hedging strategies to enhance overall risk-adjusted returns.
Partridge said: “By combining my firm with Salient, we have created a platform that is unique in the industry. The platform combines a sophisticated approach to managing risk and assets for institutions and individuals alike, particularly in a rapidly changing investment environment.”
Salient Partners, an $8.3 billion investment firm, is based in Houston, Texas.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…