Rocklinc Partners Fund Established a Significant Stake in Burford Capital Ltd. (BUR)

Insider Monkey12-16

Rocklinc Investment Partners, an investment management partnership, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund’s basket ...

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(BUR)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRocklinc Partners Fund Established a Significant Stake in Burford Capital Ltd. (BUR)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-16 20:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rocklinc-partners-fund-established-significant-124519768.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rocklinc Investment Partners, an investment management partnership, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund’s basket ...</p>\n\n<a href=\"https://finance.yahoo.com/news/rocklinc-partners-fund-established-significant-124519768.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BUR","symbol_name":"Burford Capital Ltd.","start_time":0,"source_url":"https://finance.yahoo.com/news/rocklinc-partners-fund-established-significant-124519768.html","article_id":"2492615007","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/a6_T5t8CJiQIrzhtXuNQqw--~B/aD00MzA7dz03Njg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/insidermonkey.com/701c51cdb50cd05c71cb66ce8b4140d9"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492615007","pubTimestamp":1734353119,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Rocklinc Investment Partners, an investment management partnership, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund’s basket of Canadian companies  increased by 12%, outperforming the index by 1.6%. The portfolio of U.S.-based companies  increased by 2.0% in the quarter, underperforming the S&P 500 index by approximately 2.9%. In addition, ROCKLINC separately managed accounts increased by 4.5% during the third quarter, 11.2% year-to-date and 16.5% during the last 12 months. The Rocklinc Partners Fund has been compounding at approximately 7.2% per year, after all expenses and fees, since inception  and 7.6% over the past five years. In addition, please check the fund’s top five holdings to know its best picks in 2024.Rocklinc Investment Partners stated the following regarding Burford Capital Limited  in its Q3 2024 investor letter:. As the world’s leading litigation funder, Burford provides capital to large corpo","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BUR":"Burford Capital Ltd.","BK4164":"特殊金融服务"},"translate_title":"Rocklinc Partners Fund持有Burford Capital Ltd.(BUR)的大量股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BUR":1},"content_text":"Rocklinc Investment Partners, an investment management partnership, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund’s basket of Canadian companies (after all expenses) increased by 12%, outperforming the index by 1.6%. The portfolio of U.S.-based companies (after all expenses) increased by 2.0% in the quarter, underperforming the S&P 500 index by approximately 2.9%. In addition, ROCKLINC separately managed accounts increased by 4.5% during the third quarter, 11.2% year-to-date and 16.5% during the last 12 months. The Rocklinc Partners Fund has been compounding at approximately 7.2% per year, after all expenses and fees, since inception (seven years) and 7.6% over the past five years. In addition, please check the fund’s top five holdings to know its best picks in 2024.\nRocklinc Investment Partners highlighted stocks like Burford Capital Limited (NYSE:BUR), in the third quarter 2024 investor letter. Burford Capital Limited (NYSE:BUR) offers legal finance products and services. The one-month return of Burford Capital Limited (NYSE:BUR) was 0.82%, and its shares gained 0.67% of their value over the last 52 weeks. On December 13, 2024, Burford Capital Limited (NYSE:BUR) stock closed at $13.50 per share with a market capitalization of $2.962 billion.\nRocklinc Investment Partners stated the following regarding Burford Capital Limited (NYSE:BUR) in its Q3 2024 investor letter:\n\n\"Burford Capital Limited (NYSE:BUR): Third-party litigation funding traces its origins to the English common law doctrines of Maintenance and Champerty, which aimed to prevent outside interference in medieval legal proceedings by corrupt nobles and royal officials. Maintenance refers to the practice of financially supporting another party’s lawsuit, while Champerty occurs when the party providing that support receives a share of the proceeds from the outcome. The purpose of these doctrines was to protect a vulnerable court system from being exploited for purposes other than achieving justice. Australia became the first country to abolish Champerty laws when New South Wales passed the Maintenance, Champerty and Barratry Abolition Act in 1993. This change allowed external parties to fund class action lawsuits, which were notoriously expensive. Investors quickly recognized the opportunity and began funding a wide range of cases. Today, nearly all major class actions in Australia are funded by private litigation finance companies.1 As more countries eliminated these doctrines, litigation funding rapidly spread to the United Kingdom and North America, growing into a massive industry. Today, nearly 40 funders manage over $15 billion in capital, proving to be a valid instrument for ensuring access to justice.\nAs the world’s leading litigation funder, Burford provides capital to large corporations and law firms to finance commercial litigation claims in exchange for a share of the damages if the lawsuit is successful. Pursuing a lawsuit requires significant capital due to legal and investigative expenses coupled with the unpredictable timing of court proceedings. Over time, this can strain a corporation’s cash reserves, negatively affect its earnings and distract investors. Complex commercial disputes are often a long and arduous endeavour with no guaranteed resolution in sight, and many companies lack the expertise, time, or capital to handle these cases independently. With a primary focus on profitability and growing shareholder value, corporations increasingly have embraced litigation financing, allowing them to concentrate on their core business operations. Similarly, law firms also face difficulties managing lengthy litigation, particularly when clients struggle with compensation, as lawyers wish to be paid by the hour for their work. As law firms prioritize winning cases and maintaining client satisfaction, many of the top law firms have turned to third-party litigation financing. This allows them to secure payment on their terms, uphold their reputation, and attract new clients, while mitigating excessive financial and contingency risks. Corporations and law firms are eager to partner with Burford, gladly providing them with a well-deserved portion of their winnings for bearing the substantial obligations and risks of pursuing the litigation…” (Click here to read the full text)\n\n An accountant meticulously going over documents in her office, exemplifying the company's commitment to accuracy and detail. \nBurford Capital Limited (NYSE:BUR) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 22 hedge fund portfolios held Burford Capital Limited (NYSE:BUR) at the end of the third quarter which was 25 in the previous quarter. Burford Capital Limited’s (NYSE:BUR) net income in the third quarter was $136 million, resulting in $0.61 earnings per share. While we acknowledge the potential of Burford Capital Limited (NYSE:BUR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.\nIn another article, we discussed Burford Capital Limited (NYSE:BUR) and shared Greenhaven Road Capital's views on the company. In addition, please check out our hedge fund investor letters Q3 2024 page for more investor letters from hedge funds and other leading investors.\nREAD NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.\nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492615007"}