A new London-based investment group called ILF Advisors is
gearing up to pioneer a new type of strategy focusing on
litigation funding. The Libra Litigation Fund, to be advised by
Independent Litigation Funding (ILF), is planning to launch a
closed-end fund soon that will start with some £30
million (about $50 million) of investor capital.
The team behind the fund feature a blend of names both new and
familiar in the hedge fund business. The firm's CEO is Ken
Arnold, who has a background in insurance and technology...