Salient Partners Chief Investment Officer Lee Partridge Wins Award for Small Public Fund Manager of the Year

Innovative Strategy, Excellent Returns for SDCERA Recognized by Institutional Investor Magazine

Apr 02, 2012, 09:00 ET from Salient Partners L.P.

HOUSTON, April 2, 2012 /PRNewswire/ -- Salient Partners L.P. (Salient), a $17 billion asset management firm, is pleased to announce that Lee Partridge, Salient's Chief Investment Officer and Managing Director, has been named Small Public Fund Manager of the year by Institutional Investor, one of the financial industry's leading publications.

Mr. Partridge is being honored for the innovative investment strategy he used to help the San Diego County Employees Retirement Association (SDCERA) achieve consistent and superior returns.

"It's very satisfying professionally to have the work Salient is doing on behalf of SDCERA recognized by our industry peers," said Mr. Partridge. "We believe the results we've achieved for SDCERA speak for themselves. We are grateful to SDCERA's board and members for the faith and trust they have placed in us. On behalf of the entire Salient team, I would like to thank everyone at Institutional Investor for this award."

Using a strategically diversified asset allocation model with a risk-parity orientation, SDCERA's $7.7 billion fund realized gains of more than 21% for the fiscal year ended June 30, 2011 and exceeded 6% for the calendar year. By comparison, the median public fund with assets of more than $1 billion posted a 0.86% gain for the calendar year. According to the Trust Universe Comparison Service (TUCS) report, SDCERA's calendar year performance ranks in the top 4% of public plans with more than $1 billion in assets.

"We are pleased that Lee's prudent and successful investment strategy is being recognized by Institutional Investor magazine," said SDCERA Chief Executive Officer Brian White. "When SDCERA adopted the asset allocation, our goals were to strengthen our investment program, bolster the fund's solid financial footing and ensure that the future retirement benefits of our members remained secure. The results we've achieved with Lee's help have us well-positioned to continue meeting our long-term commitments to our members."

Institutional Investor's Annual U.S. Investment Management Awards recognize "U.S. institutional investors whose innovative strategies and fiduciary savvy have resulted in impressive returns, as well as U.S. money managers in more than 34 asset classes who stood out in the eyes of the investor community for their exceptional performance, risk management and service."

Mr. Partridge will receive his award at a dinner and ceremony on Monday, May 14, 2012, at the Mandarin Oriental Hotel in New York City.

For more information about Salient, please contact Chris Moon of JCPR at 973-850-7304 or

About Salient Partners L.P.

Salient Partners L.P. is a $17 billion investment management firm based in Houston. The firm is a recognized innovator in the development, management and delivery of sophisticated, non-traditional investment solutions for both institutional and retail investors. Through its comprehensive investment approach, Salient identifies and develops leading strategies that help eliminate unrewarded risk, reduce investing costs and focus on the fundamental drivers of returns to deliver the full potential of all markets to investors.

For more information about Salient and its professionals, visit

Chris Moon

SOURCE Salient Partners L.P.