A children’s charity run by a hedge fund boss has been ordered to pay £282 million to his ex-wife’s own philanthropic cause, it has been reported.
Sir Chris Hohn separated from his wife Jamie Cooper after an acrimonious divorce battle in 2014.
Ms Cooper was awarded a sum of £337 million – but disputes over charity funds spilled over for several more weeks.
Sir Geoffrey Vos, Chancellor of the High Court, ordered the charity, Children’s Investment Fund Foundation (CIFF), to make a payment of £282 million to Ms Cooper’s new charity, Big Win Philanthropy.
Mr Hohn opposed the order, saying charity money should not be involved in a divorce deal.
But Sir Geoffrey said the charitable benefits of making the grant outweigh arguments against, especially after Ms Cooper agreed to donate £32 million of her own money if her former husband goes through with the payment.
“The making of the grant will bring a conclusion to this incredibly hostile dispute,” he said.
Ms Cooper also agreed to step back as a trustee of CIFF.