Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Salient launches Salient Alternative Beta Fund

Thursday, June 06, 2013

Bailey McCann, Opalesque New York:

Salient Partners, an $18bn investment management firm based in Houston, Texas has launched its fourth liquid alternative fund that is designed to offer retail investors access to alternative strategies previously only offered to institutional investors. The Salient Alternative Beta Fund makes long and short investments in futures and forward contracts but also invests in securities, derivatives and other financial instruments allowing it to obtain extra diversification.

Traditionally, investors in alternative investment strategies have generally gravitated toward lower volatility investments that exhibit return patterns that are more correlated with traditional equity markets, however this fund goes against the grain by attempting to diversify away from equity-centric exposure while utilizing high volatility.

"We wanted to create a fund that potentially has a positive expected return with a low correlation to the broad stock market," said Lee Partridge, Salient Chief Investment Officer in an interview with Opalesque. "We didn't want to be an S&P 500 replicator with some hedges, instead we wanted to be as uncorrelated as possible."

The fund tracks alternative betas, non-traditional market exposures based on chronic investor biases which can be used to generate potential return streams. Alternative betas, which include size, value, carry and momentum may provide pos......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to