Burford Capital (BUR): Fund business shows good progress
This morning Burford issued an announcement giving an update on their fund management business and some changes in management. Burford acquired Gerchen Keller Capital (“GKCâ€) one year ago. This has been integrated successfully, with positive news in 2017 on fundraising and performance fees earned. The three principals at GKC took on senior roles within Burford. Now, having completed the integration, they are redefining their roles within the company. They will remain involved as Senior Advisors and serve on the Investment Committee, rather than continuing in executive roles.
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