Tuesday, 21 October 2014
Last updated 9 hours 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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...