The hedge fund of Michael Hintze, a member of the international advisory panel for the Financial System Inquiry, has repaid millions of dollars after exploiting tax loopholes in the UK, the Sydney Morning Herald reported.The hedge fund CQS paid back around A$43 million in a settlement with the British tax office after companies in his CQS group used ''employee benefit trusts'' that ran foul of authorities, the newspaper reported.The SMH did not specify its sources.Hintze is one of four financiers appointed to provide additional advice to the federal government's financial system inquiry.The UK press has given plenty of coverage to Hintze's tax affairs in recent weeks. The Daily Mail reported that CQS earned £85 million last year and paid £30,000 in tax.