OBL Only and Fair Value reporting, page-3

Apologies the formatting of that post came out terribly. But you get the gist of it.
Litigation finance is still a very lucrative industry and uncorrelated to the equity market / economic cycle etc so very attractive.

If their is a silver lining for shareholder its that this move to funds management model has allowed OBL to scale up their platform (by platform I mean the platform that sources litigation funding assets). This is a good platform (the platform can be improved operationally - that's a separate discussion) but poorly funded business which is why the share price is where it is. I think it can turn around.