Burford Eyes 37,000% Return in $16 Billion Argentina Award (1)

Burford Capital’s share of the $16 billion a US judge in New York ordered Argentina to pay over its 2012 seizure of oil company YPF SA is around $6.2 billion, which would give the litigation funder a more than 37,000% return on its initial investment.

Whether Burford gets that money remains to be seen. Argentina immediately vowed to appeal US District Judge Loretta Preska’s Friday order, calling it “unprecedented and erroneous.” The appeal and fights over collection could delay or even derail payment.

Christopher Bogart

Source: Burford Capital

But if the award’s upheld or even if the case settles, Burford’s results on ...