Sunday, 26 April 2015
Last updated 2 days ago
Nov 14 2011 | 10:49am ET
The CEO of German hedge fund Wermuth Asset Management is out, to be replaced by a longtime firm veteran.
Michael Ludwig will take the reins from Maarten van den Belt, Wermuth said. Ludwig has worked at Wermuth since 1999 and will take over as CEO by the end of the year.
Van den Belt spent just 16 months at the helm of the Russia-focused hedge fund. He joined the firm last year from VISA International in Moscow, which he served as head of Russia.
Wermuth currently manages about US$200 million, down from more than US$1 billion prior to the financial crisis.
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…