Shorting on the marriage market: How hedge fund managers gamble on bitter divorce battles

Human-Stupidity_com · 2012-01-29T06:35:20+00:00

Nobody comments? Just because it is rich men getting screwed? Gets us back to the topic why a spouse should be receiving 500 Million.

Even if she does not get any money, certainly the law suit will make the guy's life miserable for years on end.

Friends of Mrs Young have told that the firm, which is unidentified, has handed over £3m so far and could make 30 per cent from the divorce case.If Mrs Young is awarded the £500m she believes she is due, it could see the firm gain a windfall of up to £150m. Speaking to The Sunday Times, Mrs Young said: I'm very grateful my case is being funded. Without it, I would have been screwed.'

Steve Jones, a business development manager for Argent, a barristers' chambers, told of the growing trend: 'Rather than backing stocks and shares, hedge funds are backing litigation, because the returns are good for successful cases. They wouldn't be doing it unless they thought they could make money out of it.'*

In 2010, there were 119,589 divorces in England and Wales which is a rise of nearly 5 per cent on the previous year, according to the Office for National Statistics. But it is the huge profits to be gained at the top end of the divorce market which is resulting in investors looking to cash in.

more http://www.dailymail.co.uk/news/article-2087000/Shorting-marriage-market-How-hedge-fund-managers-gamble-bitter-divorce-battles.html

Title	Shorting on the marriage market: How hedge fund managers gamble on bitter divorce battles
Author	MRMRising
Upvotes	9
Comments	2
Date	January 28, 2012 7:11 PM UTC (14 years ago)
Subreddit	Posted in /r/MensRights
Original Link	https://old.reddit.com/r/MensRights/comments/p0qtw/shorting_on_the_marriage_market_how_hedge_fund/
Archive Link	https://theredarchive.com/r/MensRights/shorting-on-the-marriage-market-how-hedge-fund.1028592 https://theredarchive.com/post/1028592

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