Quant Trader Worth $11 Billion Builds Firm to Manage XTX Riches
- Alex Gerko’s net worth has almost doubled since start of 2023
- Ex-Deutsche Bank trader has built XTX into a top market-maker
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Billionaire Alex Gerko, founder of quantitative-trading firm XTX Markets, has set up a personal investment firm to help manage his rapidly growing fortune.
Cromulon Capital was incorporated this year at the same London address as XTX, one of the world’s top market-makers along with Ken Griffin’s Citadel Securities, according to UK registry filings. It’s controlled by a similarly named firm that Gerko oversees along with XTX executives and Nikolajs Smirnovs, 38, whose LinkedIn profile lists his role as chief executive officer for a family office.