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Compliance & ethics in litigation finance

Anastasia Savvateeva | November 28, 2017

Since the beginning of the era of modern financial investment industry, when in 1864 J. Pierpont Morgan founded his investment company that was fated to become one of the world’s leaders in the field, investors have invariably sought new sources of income and thus of new profitable investments.

Unfailingly, after the major global financial meltdowns—and especially after the financial crisis of 2008-2009—the popularity of traditional assets such as stocks, bonds, and currencies decline and new alternative asset classes emerged. Today, alternative asset classes run the gamut from commodities, real estate, and private equity to art, vintage cars and wines, and forests and vineyards. Even loans can be considered assets as they are expected to be paid back, therefore, there is an expectation of profit. However, this concept was too primitive. We needed something more sophisticated, with higher returns on investment. Thus was created litigation funding—a form of crowdfunding in...

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