Hedge Funds

ILF targets growing area of litigation funding


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.

Ken Arnold

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 but is experienced in litigation funding