Billionaire Alex Gerko is shutting down the investment partnership at the center of a recent UK Supreme Court case, drawing to a close the long-running dispute over levies on historical trading profits. HFFX, a fund Gerko ran while at London-based money manager GSA Capital Partners between 2010 and 2015, is taking steps to close voluntarily, according to registry filings, two months after the UK entity and the tycoon lost a legal case over taxes on deferred payment plans.
The fund ceased its investment operations in 2015, when Gerko founded his quantitative trading firm, XTX Markets, after leaving GSA that year.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing