The Salient Partners
] folks recently said goodbye to a key account executive.
| Derryk Madsen|
Director, Head of Strategic Relationships, Channel Sales Manager
has learned that Chicago-based Derryk Madsen
, director and head of strategic relationships at the Houston-based alternative mutual fund shop, moved on from Salient last month. Word is that David Linton
, head of retail and institutional distribution, has taken on Madsen's duties and does not plan to hire a replacement.
A spokeswoman for Salient declined to comment for this story.
An alumnus of DePaul University, Madsen is a former restauranteur, chief, caterer, restaurant consultant, and freelance food writer. He worked at Sidney Kulek and Guggenheim before joining Salient three years ago.
| David Linton|
Executive Vice President, Head of Distribution
Madsen's departure came five months after Salient closed
on its acquisition of San Francisco-based Forward Management. That deal added a bigger traditional retail mutual fund presence to Salient, an alternatives manager that has been building out a liquid alts mutual fund business. When the deal closed in June, the combined firm had $27 billion in AUM and about 260 employees.
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