An Alt Fund Shop Says Goodbye to a Key Account Exec
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Thursday, December 24, 2015

An Alt Fund Shop Says Goodbye to a Key Account Exec

The Salient Partners [profile] folks recently said goodbye to a key account executive.

Derryk Madsen
Salient Partners
Director, Head of Strategic Relationships, Channel Sales Manager
MFWire 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
Salient Partners
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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