Friday, 25 July 2014
Last updated 1 hour ago
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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…