BUR, page-13

IMF's fund strategy in the US Fortress vehicle will be the same as it has been for balance sheet investments since 2015 - more cases, smaller investments. Given they've committed US$18m for 10 cases to date, the basic math is that they'll build a portfolio of about 100 cases to deploy the $200m.

I fundamentally disagree with you that "litigation can and does fail, even in aggregate", and i don't understand how you can be invested in IMF if you believe that. IMF has earned roughly $2 for every $1 invested since its inception (net of all losses, adverse cost orders and withdrawals), so clearly it doesn't fail in aggregate as their 15-year track record demonstrates.