Income-Producing Real Assets for an Uncertain World – Salient – 10.19.16

Summary:

Now On Demand.

In the Silver Age of the Central Banker, income generation is more important to meeting investor return targets than ever. Salient believes that some of the most reliable income streams are generated by fractional ownership of real assets, including pipelines and real estate. Join us for an insightful discussion that will cover:

• Why fractional ownership of income-producing real assets is critical in today’s market environment
• Opportunities in MLPs and midstream energy companies
• The case for liquid real estate investing: REITs and REIT Preferreds

Speakers:

Ben Hunt is the chief risk officer at Salient and the author of Epsilon Theory, a newsletter and website that examines markets through the lenses of game theory and history. Over 100,000 professional investors and allocators across 180 countries read Epsilon Theory for its fresh perspective and novel insights into market dynamics. Dr. Hunt is frequently a featured contributor to a wide range of investment publications, from Institutional Investor to ZeroHedge.

Dr. Hunt received his Ph.D. in Government from Harvard University in 1991. He taught political science for 10 years at New York University and (with tenure) at Southern Methodist University. Dr. Hunt wrote two academic books: Getting to War (Univ. of Michigan Press, 1997) and Policy and Party Competition (Routledge, 1992), which he co-authored with Michael Laver. Dr. Hunt is the founder of two technology companies and the co-founder of SmartEquip, Inc., a software company for the construction equipment industry that provides intelligent schematics and parts diagrams to facilitate e-commerce in spare parts.

Dr. Hunt began his investment career in 2003, first in venture capital and subsequently as a portfolio manager of two long/short equity hedge funds. He worked at Iridian Asset Management from 2006 until 2011 and TIG Advisors from 2012 until 2013. Dr. Hunt joined Salient in 2013 as chief risk officer, where his responsibilities include assisting with investment strategy development for the firm, as well as traditional risk management duties. Dr. Hunt combines his practical experience as a portfolio manager, risk manager, and entrepreneur with academic expertise in game theory and econometrics to provide a unique perspective on investment risk and reward on behalf of Salient and its clients.

Gregory A. Reid is a partner and president of Salient’s MLP Complex.

Prior to joining Salient, Greg was a founder and CEO of RDG Capital LLC, a Houston-based asset management firm specializing in MLP investments. RDG was acquired by Salient in 2011. Prior to that, he served as senior vice president of Merrill Lynch. Greg began his career in the financial services industry with Goldman Sachs. Greg earned an undergraduate degree from Texas A&M University and later graduated from Northwestern University’s J.L. Kellogg Graduate School of Management with an MBA. Greg is a member of the Austin Chapter of Young Presidents’ Organization (YPO) and is very active in his community through his involvement in various charitable organizations.

Joel Beam is a managing director and senior portfolio manager of real estate strategies at Salient.

Joel is a seasoned investment professional with over 20 years of experience in real estate securities research and investment management. He is nationally recognized for his expertise in managing preferred and senior securities.

Previously, Joel was a partner and portfolio manager at Kensington Investment Group and a member of the firm’s executive committee. He joined Kensington in 1995 as a senior analyst and began managing portfolios in 1997. In 2009, Kensington was acquired by Forward Management, and subsequently in 2015, Salient acquired Forward. Joel previously worked at Liquidity Financial Advisors, where he valued and priced real estate limited partnership and institutional securities and their underlying properties.

Joel holds a bachelor of arts (with honors) from the University of California, Berkeley.