Welcome!

News Feed Item

Salient Announces Modifications to Several Indices

Salient Index Management to Oversee Daily Calculations of Salient Risk Parity, Risk Parity V12+ and Risk Parity V15+ Indices

HOUSTON, Feb. 3, 2014 /PRNewswire/ -- Salient Partners L.P. (Salient), a $19.3 billion asset management firm, announces that Salient Index Management LLC will assume daily calculations of the Salient Risk Parity Index, Salient Risk Parity V12+ Index and Salient Risk Parity V15+ Index on March 3, 2014. The three indices will also restate their performance calculations on March 3, 2014 retrospectively to January 1, 1990. These modifications are taking place so the indices can more accurately reflect roll yield, the return generated from rolling short-term futures contracts into longer-term contracts.

(Logo: http://photos.prnewswire.com/prnh/20120917/NY75507LOGO )

The Salient Risk Parity V12+ Index and the Salient Risk Parity V15+ Index will be modified on March 3, 2014 retrospectively to January 1, 1990 to encompass a more refined risk-budgeting strategy, in which risk from an asset that has reached a self-imposed, defined position limit is shifted to another asset in the same risk category in order to maintain more balanced risk exposure at the asset level. The indices' previous weighting methodology did not shift risk within each asset class when a position reached its limit, which resulted in potential underexposure to risk at the index level. The Salient Risk Parity Index is unconstrained, and will require no change to its risk-budgeting or strategy weights.

"These adjustments to our risk-budgeting methodology provide investors with balanced risk profiles that are more consistent with stated index targets," said Lee Partridge, Salient Chief Investment Officer.

On March 3, 2014, the Salient Risk Parity Index, Salient Risk Parity V12+ Index, Salient Risk Parity V15+ Index, Salient Risk Parity V15 Index and Salient Trend Index will reconstitute their underlying holdings with the addition of new equity futures contracts. As a result of the screens and analysis undertaken by the Index Management Committee, the following contracts will be added to the indices effective March 3, 2014: BOVESPA, Amsterdam Index and MSCI Singapore. In addition, KOSPI will be added to the Salient Risk Parity V15 Index and Salient Trend Index. KOSPI is currently included in the Salient Risk Parity Index, Salient Risk Parity V12+ Index and Salient Risk Parity V15+ Index. Historical prices will not be altered to reflect the inclusion of the aforementioned contracts. 

The Salient Risk Parity Index is a quantitatively driven global asset allocation index that seeks to weight risk equally across four asset classes — equities, rates, commodities and credit — while targeting a volatility level of 10 percent. The Salient Risk Parity V12+ Index and Salient Risk Parity V15+ Index attempt to outperform the Salient Risk Parity Index on a risk-adjusted basis over the long term, and respectively target volatility levels of 12 percent and 15 percent and include momentum. The Salient Risk Parity V15 Index also attempts to outperform the Salient Risk Parity Index over the long term on a risk-adjusted basis. It is comprised of equities, rates, commodities and momentum, and targets a 15 percent level of volatility.

The Salient Trend Index includes three sub-portfolios that each follow a different signal — long, medium and short — and comprise futures contracts across global interest rates, equities and commodities. The index is based on a quantitatively driven, trend-following framework and targets a volatility level of 20 percent.

All the indices are calculated daily and rebalanced monthly. For further clarification of each index, please visit www.salientindices.com.

For more information about Salient, please contact Chris Moon of Jennifer Connelly Public Relations (JCPR) at 973-850-7304 or [email protected].

About Salient Partners L.P.
Salient Partners L.P. is a $19.3 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.

CONTACT:
Chris Moon
Jennifer Connelly Public Relations
973-850-7304
[email protected]

SOURCE Salient Partners L.P.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
"We view the cloud not really as a specific technology but as a way of doing business and that way of doing business is transforming the way software, infrastructure and services are being delivered to business," explained Matthew Rosen, CEO and Director at Fusion, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"This week we're really focusing on scalability, asset preservation and how do you back up to the cloud and in the cloud with object storage, which is really a new way of attacking dealing with your file, your blocked data, where you put it and how you access it," stated Jeff Greenwald, Senior Director of Market Development at HGST, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.