Welcome to our dedicated page for Burford Capital news (Ticker: BUR), a resource for investors and traders seeking the latest updates and insights on Burford Capital stock.
Burford Capital Limited (NYSE: BUR) generates a steady flow of news as a global finance and asset management firm focused on law. Company announcements repeatedly describe Burford’s businesses as including litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities, and its news coverage reflects these themes.
On this page, readers can follow Burford Capital news related to its legal finance portfolio, financing activities, dividends and corporate governance. Recent press releases, many of which are furnished on Form 8-K, have covered topics such as unaudited financial results for quarterly and year-to-date periods, interim dividend declarations on ordinary shares and detailed updates on significant legal matters like the YPF case involving the Republic of Argentina.
Burford’s news flow also includes capital markets activity, such as private offerings of senior notes by its indirect, wholly owned subsidiary Burford Capital Global Finance LLC, with guarantees provided on a senior unsecured basis by Burford Capital and certain subsidiaries. These releases explain the intended use of proceeds, including repayment or redemption of existing bonds and general corporate purposes.
In addition, Burford publishes thought leadership through its Burford Quarterly journal, which explores legal finance trends across sectors and jurisdictions. News items describe how legal finance is used to manage risk, unlock capital and support complex business disputes, highlighting Burford’s perspective on developments at the intersection of law and finance.
Investors and observers can use this news page to review Burford’s official communications, including earnings announcements, dividend decisions, updates on key legal matters and commentary on the evolving legal finance market, all drawn directly from the company’s own press releases and regulatory disclosures.
Burford Capital reported its financial results for the year ending December 31, 2021, marking the first loss in its history amid significant new business. The firm generated over $1 billion in new commitments and deployed record capital from its balance sheet, despite slower case progression. As of year-end, Burford maintained solid liquidity and strong capital access, including the announcement of a $360 million private fund. Executives express optimism regarding the portfolio's potential, indicating that delays are timing-related and do not affect realizable values.
Burford Capital Limited (NYSE: BUR) has announced the successful close of a new $360 million private investment fund, the Burford Advantage Master Fund LP. This fund targets lower risk pre-settlement litigation investments with expected returns of 12-20% IRR. Burford retains any returns exceeding 10% after providing the first 10% to investors. With $300 million committed from institutional investors and a $60 million commitment from Burford, the fund's investment period runs until December 24, 2024.
Burford Capital Limited has announced its 2021 full-year results call scheduled for March 29, 2022, at 10 AM EDT. Investors and analysts are encouraged to pre-register through a dedicated link. The dial-in numbers for various locations are provided, along with an access code. A presentation of the results will be available on Burford's website. A replay of the call will be accessible until April 12, 2022. Burford specializes in litigation finance and is publicly traded as BUR on both the NYSE and LSE.
Burford Capital Limited has announced the disclosure date for its full year 2021 results on March 29, 2022, at 7:00 AM EDT. The company will also host a conference call for investors at 10:00 AM EDT on the same day, with further details to be provided later. Burford Capital, a leader in finance and asset management in the legal sector, operates globally and is publicly traded on both the NYSE and LSE under the ticker BUR.
Burford Capital has achieved a historic milestone by surpassing $100 million in cumulative commitments to its Equity Project, aimed at promoting diversity in the legal field. As of February 28, over half of the phase two funds have been committed to supporting commercial litigation and arbitration led by female and racially diverse lawyers. The initiative seeks to enhance ESG and DEI efforts by incentivizing firms to appoint underrepresented lawyers. Co-COOs Aviva Will and David Perla express their excitement about the rapid growth of the project and its significant industry impact.
Burford Capital has released research indicating a significant opportunity for companies to enhance their legal departments through affirmative recovery programs. Despite most companies having such programs, only a few are deemed robust, with three of five general counsels admitting to neglecting valuable recoveries. The report emphasizes the benefits of systematic programs and the role of legal finance in improving recovery outcomes. Interviews with senior legal leaders reveal a growing awareness and appetite for integrating legal finance as a strategy for maximizing corporate value.
Burford Capital Limited hosted an investor event on November 2, 2021, discussing key themes including a projected $3.4 billion in cash proceeds and $2.0 billion in realized gains from its core portfolio. The firm emphasized its sustained growth strategy and innovation in litigation finance, showcasing a five-year rolling return on tangible equity exceeding 20%. The event aimed to highlight Burford's positive asymmetry in investment returns, with a significant upside potential compared to downside risks.
Burford Capital Limited announced an Investor Event on November 2, 2021, from 10:00 AM to 12:30 PM EDT. This event will be hosted by CEO Christopher Bogart and CIO Jonathan Molot at the New York Stock Exchange, with a reception following the presentation. Institutional investors can attend in person or via a real-time video webcast. Registration is required for both attendance options. Burford Capital focuses on law-related finance and asset management, and its stock is listed on both the NYSE and LSE under the ticker BUR.
Burford Capital Limited has announced an upcoming investor event scheduled for November 2, 2021, from 10:00 AM to 12:30 PM EDT. CEO Christopher Bogart and CIO Jonathan Molot will host the event, which is aimed at institutional investors and analysts. It will take place in-person at the New York Stock Exchange with a simultaneous online video webcast available to registered participants. Further details on registration will be provided later. Burford is publicly traded on the NYSE under the symbol BUR.
Burford Capital Limited announced its financial results for the first half of 2021, reporting substantial growth in new business. Direct new commitments soared by 334% to $503 million, while deployments jumped 229% to $398 million. The portfolio grew to $4.8 billion, and the return on invested capital improved to 95%. However, the company posted a net accounting loss after tax of $67 million, largely due to non-cash accruals, although adjusted profit after tax was $17 million. An interim dividend of 6.25¢ per share was declared, payable on December 2, 2021.