"With property markets in decline and anxiety increasing about whether the sharemarket is over-valued, investors are scratching their heads about where to go next to make a decent return.
Enter John Walker, a pioneer in corporate ambulance chasing, who is out rattling the cage for $30 million to fund the next round of class actions. Diversification is a big element here, with litigation funders having very little correlation with other mainstream segments of financial markets and economic cycles.
Walker's company Investor Claim Partner has a solid track record and he's out and about meeting investors in Sydney this week for ICP's second unlisted litigation fund, sources said.
The fund has its eye on three new targets - Vocus Communications, cattle exporter Wellard and financial services group IOOF. All three are named in an investor presentation, obtained by Street Talk, as likely targets in situations where shareholders have lost plenty on paper."
Not that I’m particularly concerned but does anyone have any idea what they’re on about in terms of cause for a class action against ifl?
IFL Price at posting:
$9.05 Sentiment: Buy Disclosure: Held
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