Burford Capital could still sell off about 10% of its investment in a long-running lawsuit in which its clients have been awarded $16 billion by a US judge, according to its CEO Christopher Bogart.
The decade-old case of former YPF shareholders against Argentina is a huge part of Burford’s portfolio and the company is still chasing the precedential amount that US District Judge Loretta Preska awarded the shareholders in 2023. Burford previously sold off more than a third of its interest to other investors, mainly large hedge funds, for $236 million. Bogart says there’s still some they’re able to sell ...