Invesco is taking legal advice after a US short-seller attacked the firm for "unethical behaviour" over its backing of AIM-quoted litigation financer Burford Capital.
Invesco told Investment Week it "categorically refute[s] any accusation of improper or unethical behaviour on behalf of Invesco or fund manager Mark Barnett" in response to a research paper from Muddy Waters claiming it had "bamboozled" investors. An Invesco spokesperson said its "legal advisers are reviewing the accusations and we expect we will be able to make a broader statement in due course". On Wednesday morning, Muddy Waters launched a stinging rebuke of Burford and its largest shareholder, Invesco, in which it said it had begun shorting Burford. Shares in the £2.5bn Burford...
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