Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Post-Merger, Salient Isn't Deal-Hunting ... Yet Not Rated 4.0 Email Routing List Email & Route  Print Print
Monday, June 22, 2015

Post-Merger, Salient Isn't Deal-Hunting ... Yet

Reported by Neil Anderson, Managing Editor

Now that Salient Partners' [profile] purchase of Forward Management has closed, expect the combining shops to focus on integration, not more M&A ... at least for now.

Earlier this month Houston-based Salient confirmed the close of the Forward deal. Lee Partridge, chief investment officer of the combined firm firms, says that Salient is not currently hunting for more deals. Yet he didn't rule further M&A out, either.

"There's nothing on the radar screen at this point," especially not for 2015, Partridge tells MFWire. "We would continue to be open to that [i.e. more acquisitions]."

On the subadvisory side, too, Partridge confirms that the combining asset managers will not be rocking the boat any time soon. Forward recently brought a key PM, David Hinman of subadvisor SW Asset Management, into Forward as an employee. Yet Partridge says that there are no plans to bring any other subadvisor executives inhouse.

"We probably won't be entering into any new subadvisory relationships," Partridge says. "We're very happy with the subadvisors and don't have any plans to change that near term."

Partridge praises one key subadvisor, Broadmark Asset Management, in particular. In addition to subadvising for Forward, Broadmark is also the only subadvisor used by Salient, Salient already owns what Partridge calls a significant but not majority stake in Broadmark. He says he expects the relationship between Broadmark and the combined Salient-Forward company "to go broader and deeper." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use