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Plenum Investment Hedge Fund Adviser Henrik Wennberg Resigns

Henrik Wennberg, who co-founded two Nordic electricity hedge funds at Plenum Investments Ltd., has resigned from the Zurich-based money manager, Plenum Chief Executive Officer Rainer Gruenig said today by e-mail.

Wennberg, 44, a senior fund adviser for the Plenum Power Surge fund and an electricity trader for more than 12 years, joined Plenum in 2005 from Markedskraft ASA together with Torgeir Terjesen. They began trading for the now closed Plenum Power Fund and began the Power Surge fund in 2007. Plenum Power Fund closed on March 31 last year.

The Plenum Power Surge fund gained 24 percent in 2010, according to data on Bloomberg and is managed by Jukka Virtala and Mathias Wennberg, Henrik Wennberg’s brother.

To contact the reporter on this story: Lars Paulsson in London at lpaulsson@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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