An investment in the proceeds of lawsuits is an interesting counter-cyclical play

Michael Murray bought shares in litigation funder Burford Capital

7th August, 2016
Burford Capital are financing a number of legal battles with Volskwagon Pic: Getty

Traditional investors who diversify their investment portfolio usually build one containing a mix of equities, property, bonds, and cash. But unearthing opportunities to invest in counter-cyclical equities can be difficult. There are few enough of them.

Recently, I found one that tempted me: AIM-listed Burford Capital. I purchased the shares following sparkling interim results. Earnings for the half year had increased by 88 per cent and operating profit by 117 per cent. Since 2011 (to...

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