Burford Capital defends itself and Invesco against short-selling attack

'Throwing in Woodford for headline value'

clock • 3 min read

Burford Capital has defended itself and Invesco's Mark Barnett against a "false and misleading" attack on both parties by US short-seller Muddy Waters.

In a statement on Thursday (8 August), the litigation financer said its directors "intend to purchase a significant number of Burford shares" and the board would consider buying back stock following this week's share price tumble. On Wednesday (7 August), US hedge fund Muddy Waters said that it had started shorting Burford, accusing it and its largest shareholder Invesco of "unethical behaviour". That led Invesco to stating it was considering its legal options and "categorically refut[ing] any accusations of improper or unethical behaviour on behalf of Invesco or fund manager Mark Bar...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Mattioli Woods snaps up Cullen Wealth

Mattioli Woods snaps up Cullen Wealth

Companies House filings outline pre-Budget swoop

Isabel Baxter
clock 04 November 2024 • 2 min read
Financial planning firm Boosst becomes employee-owned

Financial planning firm Boosst becomes employee-owned

100% of shares transferred to the EOT without imposing any third-party debt

Isabel Baxter
clock 28 October 2024 • 2 min read
Openwork receives minority investment from Bain Capital

Openwork receives minority investment from Bain Capital

Following the network’s hunt for minority investor support in 2023

Isabel Baxter
clock 28 October 2024 • 2 min read