(The Telegraph posted) Solo Capital, the London hedge fund targeted by a Danish tax probe, has ceased operations, according to its latest accounts. The hedge fund, set up in 2009, became profitable in 2013 and posted revenues of £25m before proprietary trading losses prompted a rethink of its business model.
It booked a profit of £307,000 for the year to March 2015 after selling some of its trading platforms to Hydra Capital, which is also owned by Solo founder Sanjay Shah.However, the firm and its subsidiaries are now being wound up while an investigation by the Danish tax authority Skat is under way.
