Burford Capital Annual Report Shows Huge Profit
Burford’s efforts to increase its American presence and diversify its portfolio are already paying dividends. Gerchen Keller saw a $50 million return on a six month $26 million dollar investment, but Burford’s GKC acquisition was just the cherry on a top of what has been another excellent year for the eight year old parent company, which has long been a leader in litigation finance. After-tax profits have risen even faster. Burford reported earlier this week that 2016 full year profit was $115 million, an increase of more than 75% over last year.