Burford has reported very strong growth in H1 income, operating profits and new investment commitments, with PBT amounting to 94% of our previous FY2016 forecast. This was achieved despite a seasonally quiet period of case conclusions in the core litigation investment business. The key driver has been an uplift in the fair value of litigation investments, courtesy of some initial participation in the nascent secondary market. This temporary deviation between cash and accounting returns does not ....