Plenum Electricity Adviser Wennberg Out

Feb 25 2011 | 9:09am ET

A top hedge fund manager at Switzerland's Plenum Investments has resigned.

Henrik Wennberg, who set up and co-managed two funds focused on the Nordic electricity market at Plenum, has left the firm, Bloomberg News reports. Wennberg, who had worked at Plenum since 2005, was serving as a senior adviser to its Power Surge Fund, which he co-launched in 2007 and which is now co-managed by his brother, Matthias.

Prior to setting up the Power Surge fund, Wennberg, a 12-year veteran electricity trader before joining Plenum, co-launched and managed the firm's Power Fund, which was liquidated in March.

The Power Surge fund returned 24% last year.

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