Burford Capital (GB:BUR) has released an update.
Burford Capital, the leading global finance and asset management firm focused on law, reported a significant first quarter in 2024, with record high first quarter cash receipts and a robust post-Covid-19 pace of realizations. Despite a 19% decrease in realized gains and a decrease in new commitments, the company’s total portfolio remained stable at $7.1 billion. The results highlight a period of forward momentum without material negative developments and a decrease in operating expenses by 44% compared to the previous year.
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