Litigation funder Burford Capital Ltd. said Friday it recorded a $2.4 billion drop in assets last quarter because of its major court loss over the seizure of state-run oil company YPF SA.
Capital provision assets fell to $3.1 billion in the three months ending March 31, down from $5.3 billion in the same period of 2025, Burford said in presenting its quarterly financial results. The company reported a $1.6 billion loss for the quarter, compared with a $37 million profit in the year-ago period.
“The YPF loss was disappointing and it’s something that we expect to turn around, but it ...