Bitter Hedge Fund Rift Exposed in U.K. Court
- Duet CEO ordered to pay $2.5 million to ex-business partner
- Email reveals Henry Gabay called Alain Schibl his ‘enemy’
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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.