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Bitter Hedge Fund Rift Exposed in U.K. Court


Bitter Hedge Fund Rift Exposed in U.K. Court
Jul 30 2021, 1:04 AM
July 29 2021, 5:21 PM
July 30 2021, 1:04 AM
(Bloomberg) A London hedge fund dispute exposed a bitter rift between two former business partners who were targeted for their alleged roles in the sprawling Cum-Ex tax scandal a year ago.
(Bloomberg) A London hedge fund dispute exposed a bitter rift between two former business partners who were targeted for their alleged roles in the sprawling Cum-Ex tax scandal a year ago.
Duet Group’s CEO Henry Gabay was ordered by a judge in London to pay Alain Schibl $2.5 million to cover debt outstanding from an arbitration settlement this week. The pair, who founded the London-based hedge fund together in 2002, traded insults and allegations of improper conduct at the hearing that pushed their spat into the public domain. ....

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Brexit Driving Top Dealmakers Out of London and Into the EU


Brexit Driving Top Dealmakers Out of London and Into the EU
Bloomberg
1/15/2021
Eyk Henning and Jan-Henrik Förster
© Photographer: Tolga Akmen/AFP/Getty Images
A British Airways plane takes off from London City Airport, in east London
(Bloomberg) The new rules for the bankers who made London financial capital of Europe are still uncertain after Brexit, but one outcome is already clear: a stream of dealmakers across the English Channel.
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While thousands of traders and salespeople have already made the move, the next wave is likely to include the high-flyers who advise on strategy, mergers and capital raising, say more than a dozen officials at global institutions. Goldman Sachs Group Inc., for one, is moving senior investment bankers out of London to the continent. ....

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