The litigation funder Burford Capital is touting details of a “highly profitable” investment that it says represents the future of its industry.
Burford announced on Tuesday that it backed the U.K. power company Rurelec plc in an arbitration against the government of Bolivia that culminated in a $41 million award this year. Burford said it loaned Rurelec $15 million in 2012, and got back the principal, plus $11 million in profit. (That’s a 73 percent return on its investment.)
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