Wednesday, 25 November 2015
Last updated 6 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…