Monday, 22 September 2014
Last updated 8 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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.