Is Burford Capital’s (BUR) Bright Future, Uncertain?
Alphyn Capital Management, an investment management firm, published its fourth-quarter 2020 Investor Letter – a copy of which can be downloaded here. A net return of 17.2% was recorded by the fund for the Q4 of 2020, above its S&P 500 benchmark that returned 11.7%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021.
Alphyn Capital Management, in their Q4 2020 Investor Letter said that they maintained their position in Burford Capital Limited (NYSE: BUR) and stated that the company was subjected to a short attack last 2019. Burford Capital Limited is a finance service company that currently has a $1.8 billion market cap. For the past 3 months, BUR delivered a -3.78% return and settled at $8.39 per share at the closing of January 27th.