Hedge fund run by UK’s wealthiest financier loses £200m tax battle

Hedge fund Bluecrest Capital Management, founded by the UK’s wealthiest financier, has lost a court appeal over a £200m tax feud with HMRC, in a ruling that could now leave the wider professional services industry facing a hefty tax bill. The UK’s Supreme Court ruled against the hedge fund run by billionaire Michael Platt, unanimously rejecting [...]