Burford Fund expects to raise to $14 billion for YPF’s nationalization

The Burford fund invested $20.2 million in the right to litigate of the Petersen group (which had 25% of the oil company’s shares) as a result of the expropriation of YPF. It also bought for $26 million the rights to litigate from Eton Park, another hedge fund that also had shares in YPF. Between the two, he believes he can achieve a favourable award of between $2.5 billion and $14 billion.

Source: Clarín