‘You Chose War’: Hedge-Fund Rift Emerges From Cum-Ex Probe

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.

Alain Schibl

Photographer: Robin Marchant/Getty Images

The men are both being investigated for their alleged involvement in what ...