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Community Spotlight: James Koutoulas, CEO, JurisTrade & Typhon Capital Management

Community Spotlight: James Koutoulas, CEO, JurisTrade & Typhon Capital Management

James Koutoulas is the CEO of JurisTrade as well its asset management affiliate, Typhon Capital Management, which is a multi-strategy hedge fund with US and Cayman private fund platforms. He is also Managing Member of Koutoulas Law, LLC, a law firm specializing in high-profile financial services litigation.

James founded Typhon in 2008 and it has since grown to 25 staff members, 15 (including many award-winning) trading strategies with operations in 4 countries and 8 cities. While running Typhon, he served as lead customer counsel in the MF Global bankruptcy, leading the recovery of all $6.7 billion in customer assets.

He has successfully litigated a multi-billion cryptocurrency fraud class action, a statistical arbitrage IP theft arbitration, a breach of contract jury trial against a billion-dollar asset management, and a capacity-rights guarantee contract dispute against a quantitative hedge fund. He is a frequent contributor to CNBC, thestreet.com, CoinDesk, and other prominent media outlets. He served on the Board and Executive Committee of the National Futures Association, the derivatives self-regulatory organization, where he helped implement the Dodd-Frank rules on the multi-trillion-dollar swaps market and has advised Congress on commodity and bankruptcy laws and regulations.

James has a JD from the Northwestern University School of Law with a securities concentration.

Company Name and Description: JurisTrade has designed a Litigation Asset Marketplace (operated by trading affiliate, Typhon Capital Management) to package and/or securitize litigation finance solutions to law firms, owners of bankruptcy, mass tort, and other litigation claims, and third-party investors looking for exposure to the asset class. JurisTrade offers a new and disruptive solution: it allows law firms, plaintiffs, and/or those with a financial interest in litigation the opportunity to sell or assign an interest in litigation outcomes to qualified investors in a much more efficient manner than is currently available.

Typhon Capital Management is a multi-strategy hedge fund specializing in tactical trading strategies designed to be uncorrelated to traditional markets under most market conditions and have strong negative correlation during periods of stress. Typhon dedicates itself to developing unique strategies that are truly differentiated and perform when almost everything else fails. Typhon uses unique, modular strategies as building blocks to design bespoke products to meet each investor’s individual needs.

Company Website: https://juristrade.com/ & https://typhoncap.com/

Year Founded: JurisTrade – 2023 & Typhon – 2008  

Headquarters:  1691 Michigan Ave Suite 200, Miami Beach, FL 33139

Area of Focus:  JurisTrade – Litigation Finance & Typhon Capital Management – Finance, Alternative Investments

Member Quote: “By adding standardization, liquidity, and transparency to the nascent but growing litigation finance market, we will institutionalize one of the final frontiers in asset management.”

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South African Litigation Funder’s Role in Long-Running “Please Call Me” Dispute Comes Under Scrutiny

A businessman and litigation funder has emerged as a recurring figure in the decades-long fight between Nkosana Makate and Vodacom over the "Please Call Me" service, following reporting on the origins of the funding that made the case possible.

As reported by ITWeb, Kevin Brian Jenkins was among an early group that raised R750,000 to help Makate pursue his claim, and until recently worked with Makate's attorney, Wilna Lubbe of Stemela Lubbe. In 2019 the late advocate Christiaan Schoeman told an arbitration that Jenkins introduced him to Makate and helped raise the funds alongside Schoeman, his former wife Wilma Schoeman, Errol Elsdon of Black Rock Mining and Tracey Roscher.

The composition of that original funding group matters because Elsdon is now claiming 40% of Makate's confidential Vodacom settlement, asserting that he provided R4.39 million. Lubbe and Makate contend the figure was at most R8,000. Elsdon testified that he first met Makate in 2011 alongside Schoeman and Jenkins, and that Schoeman signed a funding agreement that year in favour of a company to be nominated later — accepted by most courts as Black Rock, from mid-2013. A 2018 Pretoria High Court ruling by Judge Neil Tuchten placed Jenkins among the initial investors offered "equity in the venture."

Court records show other disputes involving Jenkins. In Odyssey Consultancy v Hurwitz, his company sued Dale Hurwitz over an unpaid fee; the court heard Jenkins had used senior counsel Cedric Puckrin's "name and reputation (and stature as a senior counsel)" to obtain payment, though Judge Ranchod found this "does not amount to the fraudulent misrepresentation" alleged and ruled in Odyssey's favour.

Jenkins resigned as a director of a company he shared with Lubbe on 18 August, days before the publication put questions to her. Lubbe said Jenkins was a client of the firm.

Manolete Reports Forward Book Growth and Revenues Ahead of Prior Year in FY27 Update

Manolete Partners has told shareholders that trading in the current financial year is running in line with board expectations, with realised revenues ahead of the prior year and continued growth in the value of its forward book.

As reported in a regulatory announcement issued ahead of the company's Annual General Meeting, the AIM-listed insolvency claims financier said: "The Group's trading performance has been positive and in-line with the Board's expectations for FY27. Realised revenues are ahead of the prior year, and the value of the Group's forward book has continued to increase, driven by growth in both the number and average value of new cases signed."

The reference to growth in both case volume and average case size is notable for a funder whose economics depend on the pipeline of insolvency claims it acquires or funds. The company said it intends to provide a more detailed update on first-half trading in early October, following the close of the period, and will announce its Half Year Results as usual in November. All resolutions put to the AGM were subsequently passed.

Manolete describes itself as the UK's leading insolvency claims financing company, operating in a market it values at over £500 million annually. The business has financed and completed more than 1,400 cases. It says it is the only company in the insolvency litigation funding section to have been ranked Band 1 in Chambers on six occasions, and a five-time winner of the 'Insolvency Litigation Funder of the Year' award at the TRI Awards.

The update was issued by Chief Executive Officer Mena Halton and Chief Financial Officer Will Sawyer. Canaccord Genuity acts as the company's Nominated Adviser and Sole Broker.

Administrators Probe £390M Woodville Collapse as FCA Targets Retail Loan Note Loophole

Roughly £390 million appears to have passed through Woodville Consultants Ltd, the collapsed litigation funder whose failure prompted a Financial Conduct Authority warning about retail investors buying unregulated loan notes.

As reported by the Law Gazette, the business operated from an unremarkable office at 5 Gelliwastad Road in Pontypridd, South Wales, where the blinds are now drawn and no one answers the door. Its loan notes were promoted from Dubai Media City by a self-described certified financial planner who marketed them as "a simple and attractive way to make additional money without a big effort," accompanied by the slogan "Don't wait to invest; invest and wait."

Woodville entered administration on 16 July. Four weeks later the FCA issued a notice stating that "the recent failure of Woodville Consultants Ltd, a litigation funder that raised capital from retail investors through unregulated loan notes, shows the potential risk to investors." The regulator has signalled it wants to close the self-certification loophole that allows individuals to declare themselves "sophisticated" or "high-net worth" investors and thereby access products otherwise restricted from retail distribution. One investor told the publication the loss "will be life-changing for me… Stupid, I know."

Kroll is administering the estate alongside law firm Crowell & Moring, and is investigating whether money from newer investors was used to pay returns to earlier ones. Director Peter James Legge wrote to investors on 8 June stating: "We are now finally live with our funder and are in the process of completing the first drawdown." The administrators' third progress report found that "no such funding/refinancing arrangements appear to have been documented or progressed."

Paul Muscutt of Crowell & Moring said "a number of investigations are ongoing relating to the law firms, including how claims were introduced to the firms and how funds borrowed were applied."