CIO Lee Partridge to Exit Salient Partners
Posted on 10/19/2016
Houston-based Salient Partners, L.P. undertook a company restructuring. Rusty Guinn, Salient’s deputy chief investment officer will become the firm’s executive vice president of asset management and W. Ben Hunt, Ph.D., previously chief risk officer, as Salient’s chief investment strategist. Guinn will report to Salient Chief Executive Officer John Blaisdell and Hunt will report to Guinn. Additionally, Salient will form a risk committee comprised of executives from the firm, including Hunt that will report directly to Salient’s Board of Directors now that Hunt is no longer serving as chief risk officer. Guinn previously held senior roles with the Teacher Retirement System of Texas (TRS).
Salient Partners has eliminated the chief investment officer role that was held by Lee Partridge. Partridge will remain an adviser to Salient Partners through early 2017. Between September 2009 and August 2015, Salient and Partridge’s firm, Integrity Capital Services, LLC, which Salient acquired in November 2010, provided outsourced CIO and asset management services to the US$ 10.2 billion defined benefit plan of San Diego County Employees’ Retirement Association. Eventually, Salient Partners was terminated by the plan and redeemed the US$ 4.9 million mandate.