IMF Bentham, a listed litigation funder, has issued a three-page defence of its model, responding to a halving in the share price of UK-listed rival Burford Capital after hedge fund Muddy Waters issued a scathing report.
IMF Bentham chief Andrew Saker says it's hard to predict the implications of the Muddy Waters report on the sector. Philip Gostelow
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Jemima Whyte writes on business, specialising in companies, capital markets and innovation. Jemima has reported on business for The Australian Financial Review for more than 13 years. Email Jemima at jemima.whyte@afr.com
