Salient Partners recruits 2 investment directors from Texas Teachers

Rusty Guinn and Todd Centurino joined alternative investment manager Salient Partners as directors of investments.

Mr. Guinn leads the portfolio management group, which manages Salient's multiasset-class strategies, mutual funds, separate accounts and commingled funds, said Lee Partridge, Salient's chief investment officer, in an interview. Mr. Centurino manages separate accounts for institutional investors using Salient's multiasset-class strategies.

The recruitment of Messrs. Guinn and Centurino to these new positions at Salient represents a reunion of three former senior investment staffers of the Texas Teacher Retirement System, Austin.

“Rusty, Todd and I worked together for years. We will apply many of the same investment processes we used at TRS to our work together here,” Mr. Partridge said. He was deputy CIO of Texas Teachers until his departure in September 2009.

Mr. Guinn left his post in February as director of strategic partnerships and opportunistic investments at Texas Teachers, overseeing a team that managed $11 billion in investments and commitments to multiasset-class portfolios.

Mr. Centurino was a senior investment manager within Texas Teachers' external public markets portfolio and hedge fund investment teams. He was responsible for investment of $2.9 billion in multimanager equity accounts for the retirement system.

Howard J. Goldman, a spokesman for the $112 billion Texas Teacher Retirement System, declined to comment about replacements for Messrs. Guinn and Centurino, in an e-mail.

Salient Partners managed $17.4 billion as of March 1.