Case Investment, page-2

Sadly the HC file upload fails, and has been erratic for some days!

Grrr

The latest "Case Investment Portfolio" show for me:-

i) the Maximum Case Accumulation has plateaued for five quarters.

I think this is a sensible strategy - for as at the end of 2015 IMF-Bentham added an aggregate of about $1 bn in a ridiculously small period. They added 50% plus to their work book in 3 months.

It was simply too much.

It was time to consolidate, and they have done so. All good, to my mind.

ii) The average claim size is being kept in the AUD $50 to $60 million range, and so too the number of claims. Nothing more risky, nothing less risky. Easy as it goes.

iii) IMF-Bentham is ultimately going to be an offshore (US ?) operation.

US/ offshore / total = 47.7% & (jun 2016) 56.5% ( dec 2016)

This has implications to sourcing funds domestically, and of course IMF-Bentham will become more,and more a AUD$ hedge