Yesterday’s article, For the World’s Super Rich, Litigation Funding Is the New Black, by Emily Cadman at Bloomberg, highlights the growth of litigation funding in Australia as a means for generating returns that outperform several traditional capital investments.
- According to Michael Peet, an analyst at Goldman Sachs Group Inc in Syndey, “Litigation funding is rapidly emerging as an alternative asset class.”
- Litigation finance has outperformed on a multiple of invested capital bases according to Bloomberg and Goldman Sachs.
- More than 60 percent of Australian class actions received funding so far this year, according to law firm King & Wood Mallesons, compared with less than 40 percent four years prior.
- “Past settlements have attracted more funders and their numbers have grown in recent years,” according to Michael Lange, securities litigation counsel at Financial Recovery Technologies.
>> Click here to read the full article on Bloomberg
FRT’s comprehensive suite of services helps institutional investors address the growing complexities of the global securities and non-securities class action landscape. To learn more about how FRT can help your firm maximize recoveries in non-securities class action settlements, contact your FRT representative or email us at firstname.lastname@example.org.
- May 2018: Investors Offered Reduced Fees and Costs as Competition Among Australian Law Firms Increases
- March 2018: In Australia, Stakes Are High with Securities Litigation and Antitrust Cases
- October 2017: Australian Class Actions Outpace Other Non-U.S. Jurisdictions
- September 2017: Case Spotlight: Commonwealth Bank of Australia
- August 2017: Multiple competing class actions against Bellamy’s Australia Ltd. resolved by the Australian Federal Courts
- July 2017: History of the Australian Class Action
U.S. CLAIMS I GLOBAL GROUP LITIGATION I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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