Company Press Release

SALIENT APPOINTS BEN HUNT AS CHIEF RISK OFFICER

 Author of Epsilon Theory brings academic, entrepreneurial and capital markets experience to new role

  HOUSTON — November 21, 2013 — Salient Partners L.P. (Salient), an $18.7 billion asset management firm, announced today that it has appointed Ben Hunt as Chief Risk Officer. Dr. Hunt most recently served as a portfolio manager for Tiedemann Investment Group in New York City and is the author of Epsilon Theory, a popular weekly newsletter for money managers and investors that examines the capital markets through the lenses of game theory and history.

As Chief Risk Officer, Dr. Hunt will be tasked with identifying and mitigating investment-related and other types of risks on behalf of the firm and its clients. He will also continue to write Epsilon Theory, which has more than 4,000 direct subscribers, and contribute to messaging and positioning of Salient’s products and services.

  “The insightful commentary and smart analysis that Ben publishes in Epsilon Theory have established him as a respected voice in the investment community. His experience extends well beyond the estimation of risk using Bayesian statistics and focuses on identifying and managing sources of risk that stem from systematic forces and cognitive/behavioral biases that influence interactions between market participants,” said Lee Partridge, Salient’s Chief Investment Officer. “We began a fruitful consulting relationship with Ben in September and are extremely pleased to have him join the Salient team full time on December 1.”

  Dr. Hunt began his career in academia, earning a Ph.D. in Government from Harvard, where he focused on international economics and game theory. He spent ten years as a professor at New York University and Southern Methodist University before co-founding SmartEquip Inc., a software firm developing parts schematics and diagrams for the construction equipment industry. In 2003, he left SmartEquip to embark on a career in the capital markets and spent six years at Iridian Asset Management as a senior analyst, risk manager and co-portfolio manager specializing in long and short equity fund management.

  “I’m very happy to be joining Salient’s team of dedicated investment professionals,” said Dr. Hunt. “Between my academic background in international economics and my time ‘in the trenches’ as a money manager, I feel well-prepared to take on the Chief Risk Officer role. I’m also eager to continue publishing Epsilon Theoryand to put my knowledge and skills to work in support of Salient and its clients.”

  About Salient Partners L.P.

Salient Partners L.P. is an $18.7 billion investment management firm based in Houston, Texas. 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 www.salientpartners.com.