v3.25.1
Segment reporting - Revenue (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment reporting    
Marketable securities income/(loss) and interest $ 6,787 $ 6,611
Other income/(loss) (186) 284
Total revenues 118,859 44,295
Compensation and benefits 26,314 22,001
General, administrative and other 10,210 7,450
Case-related expenditures ineligible for inclusion in asset cost 4,577 687
Total operating expenses 41,101 30,138
Other expenses    
Finance costs 33,880 32,567
Foreign currency transactions (gains)/losses (600) 492
Total other expenses 33,280 33,059
Income/(loss) before income taxes 44,478 (18,902)
Capital provision income/(loss)    
Segment reporting    
Revenues 131,516 40,761
Other expenses    
Foreign currency transactions (gains)/losses (5,410) 4,202
Plus/(Less): Third-party interests in capital provision assets    
Segment reporting    
Revenues (20,796) (5,224)
Asset management income/(loss)    
Segment reporting    
Asset management income/(loss) 1,538 1,863
Operating Segments    
Segment reporting    
Marketable securities income/(loss) and interest 6,700 6,518
Other income/(loss) (186) 284
Total revenues 111,301 31,378
Compensation and benefits 26,314 22,001
General, administrative and other 10,120 7,117
Case-related expenditures ineligible for inclusion in asset cost 3,089 546
Total operating expenses 39,523 29,664
Other expenses    
Finance costs 33,880 32,567
Foreign currency transactions (gains)/losses (599) 488
Total other expenses 33,281 33,055
Income/(loss) before income taxes 38,497 (31,341)
Operating Segments | Capital provision income/(loss)    
Segment reporting    
Revenues 90,950 17,903
Operating Segments | Plus/(Less): Third-party interests in capital provision assets    
Segment reporting    
Revenues 0 0
Operating Segments | Asset management income/(loss)    
Segment reporting    
Asset management income/(loss) 13,837 6,673
Operating Segments | Principal Finance    
Segment reporting    
Marketable securities income/(loss) and interest 6,700 6,518
Other income/(loss) 0 0
Total revenues 97,650 24,421
Compensation and benefits 21,062 18,102
General, administrative and other 8,312 6,013
Case-related expenditures ineligible for inclusion in asset cost 3,089 546
Total operating expenses 32,463 24,661
Other expenses    
Finance costs 33,880 32,567
Foreign currency transactions (gains)/losses (599) 488
Total other expenses 33,281 33,055
Income/(loss) before income taxes 31,906 (33,295)
Operating Segments | Principal Finance | Capital provision income/(loss)    
Segment reporting    
Revenues 90,950 17,903
Operating Segments | Principal Finance | Plus/(Less): Third-party interests in capital provision assets    
Segment reporting    
Revenues 0 0
Operating Segments | Principal Finance | Asset management income/(loss)    
Segment reporting    
Asset management income/(loss) 0 0
Operating Segments | Asset Management and Other Services    
Segment reporting    
Marketable securities income/(loss) and interest 0 0
Other income/(loss) (186) 284
Total revenues 13,651 6,957
Compensation and benefits 5,252 3,899
General, administrative and other 1,808 1,104
Case-related expenditures ineligible for inclusion in asset cost 0 0
Total operating expenses 7,060 5,003
Other expenses    
Finance costs 0 0
Foreign currency transactions (gains)/losses 0 0
Total other expenses 0 0
Income/(loss) before income taxes 6,591 1,954
Operating Segments | Asset Management and Other Services | Capital provision income/(loss)    
Segment reporting    
Revenues 0 0
Operating Segments | Asset Management and Other Services | Plus/(Less): Third-party interests in capital provision assets    
Segment reporting    
Revenues 0 0
Operating Segments | Asset Management and Other Services | Asset management income/(loss)    
Segment reporting    
Asset management income/(loss) 13,837 6,673
Reconciling items    
Segment reporting    
Marketable securities income/(loss) and interest 87 93
Other income/(loss) 0 0
Total revenues 7,558 12,917
Compensation and benefits 0 0
General, administrative and other 90 333
Case-related expenditures ineligible for inclusion in asset cost 1,488 141
Total operating expenses 1,578 474
Other expenses    
Finance costs 0 0
Foreign currency transactions (gains)/losses (1) 4
Total other expenses (1) 4
Income/(loss) before income taxes 5,981 12,439
Reconciling items | Capital provision income/(loss)    
Segment reporting    
Revenues 40,566 22,858
Reconciling items | Plus/(Less): Third-party interests in capital provision assets    
Segment reporting    
Revenues (20,796) (5,224)
Reconciling items | Asset management income/(loss)    
Segment reporting    
Asset management income/(loss) $ (12,299) $ (4,810)