Proactive Analyst Ed Stacey discusses Litigation Capital Management (LON:LIT) which is an alternative asset manager specialising in disputes financing, with its main operations in Australia and the UK.
The company provides funding for litigation in exchange for a share of any settlement and has built a strong track record of supporting winning cases and realising very strong returns on its investments.
LCM has historically made a profit on 89% of the cases that it has funded, and has achieved a nine-year cumulative return on invested capital (ROIC) of 134% and an internal rate of return (IRR) of 78%.