British Hedge Fund Sets Up $100M Litigation Portfolio

Nov 28 2007 | 7:35am ET

Hedge fund MKM Longboat is allocating US$100 million to invest in European legal disputes, and has hired a prominent former litigator to manage it.

London-based MKM is believed to be the first group to hire a fund manager, Susan Dunn, focusing exclusively on third-party litigation funding, The Times of London reports, although it is not alone in pursuing the strategy. Dunn is a former managing director of IM Litigation Funding, and was involved in one of the largest-ever third-party litigation funding case, a £90 million negligence claim against an accountant. As a litigator, Dunn worked at the law firm Wragge & Co,

Under third-party litigation funding, investors cover the costs of litigation in exchange for a share of any awards won in court.

Dunn has been tasked with investing in British and European legal disputes potentially worth upwards of £3 million, according to The Times. The initial US$100 million allocation is expected to rise as needed.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.