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Thread: Burford Capital

  1. #1

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    Default Burford Capital

    “A letter by Muddy Waters released on Wednesday confirmed its short position and claimed that Burford was a “poor business masquerading as a great one”.

    The US hedge fund criticised the way Burford measured returns on its investments, saying they were “heavily manipulated and greatly misled investors” and that much of its profit since 2012 had come from just four legal cases.

    The attack caused Burford shares to slump from £13.95 on Tuesday afternoon to just 428p per share by midday on Wednesday. They later recovered to close at 605p.”


    Burford Capital shares down 65% in further blow to Neil Woodford | Business | The Guardian


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    Gordon Bennet! I've got over £11 k stuck in that Neil Woodford fund! Well, it was £11 k last week.

    Need a bit of Muddy Waters blues to cheer me up.

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    Quote Originally Posted by xoggoth View Post
    Gordon Bennet! I've got over £11 k stuck in that Neil Woodford fund! Well, it was £11 k last week.

    Need a bit of Muddy Waters blues to cheer me up.

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    Me too

    Ah well, you win some, you lose some. Lesson learned: steer clear of "star" fund manager cretins (I usually do).

  4. #4

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    I'm all in gold, man.

    24% this year.

  5. #5

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    Pretty gutsy to go against litigation funder

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