Salient Partners, a USD18.7bn asset management firm, has appointed Ben Hunt as chief risk officer.
Hunt most recently served as a portfolio manager for Tiedemann Investment Group in New York City and is the author of Epsilon Theory, a weekly newsletter for money managers and investors.
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 and contribute to messaging and positioning 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/behavioural biases that influence interactions between market participants," says 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 1 December."
Hunt spent ten years as a professor at New York University and Southern Methodist University before co-founding SmartEquip, 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 specialising in long and short equity fund management.
"I'm very happy to be joining Salient's team of dedicated investment professionals," says 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."