Quant Trader Doubles Fortune to $11 Billion as XTX Profit Surges
- XTX Holdings paid a record £1.6 billion dividend in April
- Gerko now almost as wealthy as Millennium’s Izzy Englander
Alex Gerko
Photographer: Rahul Singh/XTX Markets Ltd.This article is for subscribers only.
A former Deutsche Bank AG trader is rapidly amassing enough wealth in the fallout from volatile interest rates and inflation to rival some of the richest billionaires in finance.
Alex Gerko’s fortune has surged to $10.8 billion after the holding company of his quantitative trading firm XTX Markets paid out a record £1.6 billion ($2 billion) dividend to its owners earlier this year. XTX also increased profits more than 50%, helping to roughly double the 43-year-old’s net worth, according to the Bloomberg Billionaires Index.