Saturday, 23 May 2015
Last updated 21 hours ago
Mar 30 2011 | 9:29am ET
Henrik Wennberg has left Plenum Investments, and is apparently taking his hedge fund with him.
Wennberg, who left Plenum earlier this year, has joined Stockholm-based Coeli AB. And Plenum said today that Coeli will take over its €43 million Power Surge Fund, which Wennberg founded and formerly managed, on May 1.
When Plenum Power Surge becomes Coeli Power Surge, Wennberg will retake the reins, Bloomberg News reports. During a roughly month-long transition, Plenum will continue to provide back- and middle-office services to the fund.
Plenum CEO Rainer Gruenig would not disclose the financial terms of Coeli's acquisition of Power Surge, which focuses on the Nordic electricity market.
Wennberg launched Power Surge in 2007. But he stepped down as portfolio manager last year when he moved from Plenum's base in Switzerland to Sweden, continuing as an adviser until this year.
After Wennberg's departure, Power Surge was managed by his brother, Mathias, and Jukka Virtala. Both men resigned from Plenum earlier this month.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…