Newly formed alternative asset management shop Madison Park Capital Partners, LLC has hired Erik Ogard, former director of Multi Strategy Solutions for Russell Investments, as a managing principal.

In his role Ogard will oversee Madison Park’s portfolio management, investor relations and business development efforts and work out of the firm's Seattle headquarters.

 While at Russell, Ogard served in numerous capacities including investment manager research and portfolio management within both the traditional and alternative asset classes.

Nicholas Waltner, founder of Madison Park, told Money Management Executive that the firm, which started a managed account business in March. wants to launch a limited partnership and a mutual fund sometime in Q3. He declined to provide further details on the firm's planned product launches

Madison Park was founded in 2002 as Kulshan Capital Management, LLC, which researched market sentiment and how it influences short-term trading behavior in the US equity market, according to its Website, by Waltner and Simon Roosevelt. The firm was renamed and repositioned in 2012 to address the challenges of the “new normal” investment environment. Waltner was formerly a managing director at Banc of America Securities in Tokyo, where he ran its Equity Financial Products Group.

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