Salient Teams

Salient’s teams have extensive track records and broad skill sets that allow us to adapt to evolving opportunities and market cycles. Individually, our investment professionals bring varied academic and career experience, with degrees ranging from business and finance to liberal arts, and roles that span the financial, real estate, and education sectors. Their tenure, experience, and intellectual curiosity inform Salient’s unique perspective and drive our portfolio construction and risk management process. Each employee embodies Salient’s core values: authenticity, creativity, stewardship and excellence.

MLPs and Energy

The Houston-based MLP Team is led by seasoned MLP portfolio managers Greg Reid and Ted Gardner, and director of research Parag Sanghani. Houston is the home for many MLPs. In fact, corporate headquarters for 65% of the total market capitalization of the midstream MLP universe is within minutes of our offices. Salient’s MLP strategies are designed to provide the opportunity to potentially capture attractive total returns driven by a combination of distribution yield plus prospective distribution growth. MLP returns have historically had a low correlation to the S&P 500, REITs, high yield, and bonds.

Gregory A. Reid

President, Salient MLP Complex
Houston

Ted Gardner, CFA

Managing Director
Houston

Matt Hibbetts

Chief Operating Officer — MLP Investments
Houston

Parag Sanghani, CFA

Director of Research, MLP Complex
Houston

Scott Fogleman

Senior Analyst — MLPs
Houston

Chance Pipitone

Senior Analyst — MLPs
Houston

Dan Hinds, CFA

Senior Analyst — MLPs
Houston

Eddie Rowe

Senior Analyst — MLPs
Houston

Real Estate

With over two decades of experience, Joel Beam leads a San Francisco-based team that oversees a suite of real estate strategies. The products are designed to offer access to different areas of the real estate investment trust market while also providing income, diversification and hedging capabilities.

Joel Beam

Managing Director & Senior Portfolio Manager
San Francisco

David McGanney

Head Trader – Real Estate
San Francisco

John Palmer

Senior Investment Analyst
San Francisco

Taylor Arnold

Investment Analyst
Houston

Joshua Panuthos, CFA

Investment Analyst
San Francisco

Quantitative

The quantitative team is led by Dr. Roberto Croce and Nathan Rowader out of both Houston and San Francisco offices. In Houston, Dr. Croce leads the team in research and development of quantitative alternative strategies. In San Francisco, Nathan oversees the asset allocation strategies. Together, the team implements a disciplined, systematic approach towards allocating risk exposure in portfolio construction. The strategies adaptively target volatility to diversify away from the typical equity risk that dominates most portfolios.

Roberto Croce, Ph.D.

Managing Director, Quantitative Strategies
Houston

Nathan J. Rowader

Senior Portfolio Manager
San Francisco

Nicholas Millikan, CAIA, CFA

Director, Head of Investment Strategy
San Francisco

Xuan Huan

Senior Analyst
Houston

Scott Chun

Analyst
San Francisco

Equities

Led by David Ruff, the equity team is comprised of individuals with extensive specialized investment knowledge, including Bruce Brewington, Paul Broughton, Randall Coleman, Eric Sagmeister, Hwee-See Teng and Aaron Visse. Since 1999, the team has used their unique Dividend Signal Strategy® approach to seek attractive yield and uncover growth potential around the globe, targeting companies offering the triple play: an attractive dividend, dividend growth and price-appreciation potential.

David L. Ruff, CFA

Managing Director & Senior Portfolio Manager
San Francisco

Randall T. Coleman, CFA

Portfolio Manager
San Francisco

Bruce R. Brewington

Portfolio Manager
San Francisco

Eric Sagmeister

Portfolio Manager
San Francisco

Paul Broughton, CFA

Portfolio Manager
San Francisco

Aaron Visse, CFA

Portfolio Manager
San Francisco

Hwee-See Teng

Investment Analyst
San Francisco

Broadmark Asset Management LLC (sub-advisor)

Broadmark Asset Management co-CEO and CIO Christopher Guptill and co-CEO Ricardo Cortez along with Salient chief investment strategist Ben Hunt oversee highly-adaptive long/short equity strategies that aim to lower the impact of equity volatility and preserve capital during down markets.

Christopher J. Guptill

Co-Chief Executive Officer, Chief Investment Officer & Portfolio Manager, Broadmark Asset Management
San Francisco

Ricardo Cortez, CIMA

Co-Chief Executive Officer, Broadmark Asset Management
San Francisco

Pacific Investment Management Company LLC (PIMCO) (sub-advisor)

Portfolio manager David Hammer, leads his New York-based team from PIMCO to sub-advise a long/short credit strategy for Salient. The team’s ability to short bonds and employ a variety of hedging techniques provides the strategy the opportunity to offer income and adaptability to portfolios.

David Hammer

Portfolio Manager, PIMCO

Pictet Asset Management Limited. (PAM LTD) (sub-advisor)

Salient has partnered with Pictet Asset Management to sub-advise an international small cap companies strategy. Led by Bill Barker and Justin Hill, this seasoned United Kingdom-based team is dedicated to international small cap fundamental research and investing. Their in-depth style to this less-covered market provides the potential for better diversified portfolios.

Bill Barker

Head and Senior Investment Manager, Small Cap Equities Team, PAM Ltd.
London

Justin Hill

Senior Investment Manager, PAM Ltd.
London

Private Markets

Bill Enszer oversees Salient’s fund-of-funds portfolios and provides advisory services to the firm’s wealth management and family office platforms. Salient is an active investor in private equity, niche strategies and select co-investments, along with privately-held credit, real estate, energy and venture capital investments. Bill manages all aspects of the investment process, including manager research, sourcing, due diligence, portfolio construction, and portfolio monitoring.

Bill Enszer

Managing Director, Portfolio Management
Houston

Zarvona Energy (partner)

Founded in 2010 by energy industry veteran Kathryn S. MacAskie, Zarvona Energy, LLC (“Zarvona”) is a privately held independent oil & gas production and acquisition company headquartered in Houston, Texas. In 2011, Zarvona entered into a joint venture with Salient to lead an effort to acquire, further develop, and produce mature, long-lived oil and gas assets. Zarvona and its affiliates currently own interests in operated oil and gas fields in West Texas and western Oklahoma, and non-operated fields through Texas, Oklahoma, and New Mexico.

Kathryn S. MacAskie

President & CEO of Zarvona Energy
Houston

Robert M. MacAskie

Vice President of Acquisitions & Finance
Houston

Matthew Jurgens

Vice President of Operations
Houston

Leadership

The core of Salient’s management team has worked together in a variety of capacities for nearly 20 years. We formalized our working relationships by banding together in 2002 to form Salient. As you can see in our biographies below, we are a diverse group of individuals with a broad array of skills who share a common set of values. Most importantly we are fueled by a collective mission to educate our clients and innovate investment solutions that help them meet their financial goals.

John Blaisdell

Chairman & Chief Executive Officer
Houston

Andrew B. Linbeck

Co-Founder & Managing Director
Houston

Jeremy L. Radcliffe

President
Houston

Paul Bachtold

Chief Compliance Officer
Houston

Kristen Bayazitoglu

Chief Operating Officer, Asset Management
Houston

Michael Corrao

Director of Investor Relations & Communications
Houston

Roz Davis

Human Resources
Houston

Cole Dawson

Managing Director
Houston

Jonathan DePriest

Executive Vice President & General Counsel
San Francisco

Bill Enszer

Managing Director, Portfolio Management
Houston

Heinrich Grobler

Chief Operating Officer, Salient Private Client Practice
Houston

Rusty Guinn

Executive Vice President of Asset Management
Houston

W. Ben Hunt, Ph.D.

Chief Investment Strategist
Houston

David Linton

Executive Vice President, Head of Distribution
Houston

Nicholas Millikan, CAIA, CFA

Director, Head of Investment Strategy
San Francisco

Michael Mithoff

Managing Director
Houston

J. Matthew Newtown

Managing Director
Houston

John E. Price

Chief Financial Officer
Houston

Gregory A. Reid

President, Salient MLP Complex
Houston

Michelle Ruch

Head of Trading
Houston

Stephen D. Strake

Managing Director
Houston

Emily Uhlir, CAIA

Chief Administrative Officer, Distribution
Houston