People moves

Salient Partners acquires SDCERA outsourced CIO

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Lee Partridge, former deputy chief investment officer for the Teacher Retirement System of Texas and current portfolio strategist to the $7.7 billion San Diego County Employees Retirement Association, has become CIO for Houston-based asset manager Salient Partners.

The founder of Integrity Capital, Partridge has been working with San Diego since 2009 and has assisted the board of trustees and staff in implementing a new asset allocation framework, which integrates a cost-effective approach to core asset classes and styles. Partridge assisted the pension system in increasing its exposure to alternative investments including hedge funds which carry a 20% target allocation