Litigation funding specialists Apex Litigation Finance have announced the upcoming appointment of Timothy Fallowfield as interim Chairman. Tim will commence the new position in January 2024, assuming overall responsibility for guiding Apex through its next growth stage.
Tim brings a wealth of experience to the table, having honed his skills on both the buy and sell sides of the financial spectrum. His diverse background includes managing risk at Black River Asset Management and latterly for Noble Resources HK, where he managed a medium-sized absolute return Macro fund with AUM of $480mm. On the sell side, Tim has lent his expertise to financial powerhouses such as Chase, UBS, and ING, gaining valuable insights into the dynamics of financial markets.
With an impressive track record spanning 35 years, Tim has consistently demonstrated his proficiency in managing risk and generating consistent returns for investors. Having built a fund business from the front to the back office, this extensive experience positions him as a seasoned professional capable of navigating the complexities of the financial landscape. Apex will look to leverage off his risk management background to build a robust investment process.
Tim says: “There were three elements that attracted me to Apex: our CEO, the opportunity to generate uncorrelated returns and the focus on the small claims, which allows Apex to build a diversified investment portfolio. We do this while helping those who may perhaps not usually have access to legal recourse. With Crestline’s participation, we will look to expand our investments significantly.”
In leveraging Tim’s skill set, Apex is well-positioned to benefit from his proven ability to establish and manage funds successfully. Tim’s strategic approach and in-depth industry knowledge make him an invaluable asset to the Apex team as they chart a course for success in the ever-evolving world of litigation finance.
Apex CEO Maurice Power says: “Having recently secured investment capital from Crestline Investors Inc., Apex is expanding to position itself as the litigation funder of choice for small to mid-size commercial claims in the UK. Being able to bring in someone with Tim’s drive and experience to guide us through this period will hugely benefit the Apex team. We welcome Tim’s appointment and look forward to the exciting times ahead.”
About Apex Litigation Funding: Apex Litigation Finance Limited brings together experts from the legal and finance sectors to provide third-party litigation funding to litigants (corporates, liquidators, and individuals) who are unable to pursue a claim due to the prohibitive cost of litigation. Although the claim may have merits, uncertainty over the total costs and the potential risk of being ordered to pay the defendant’s cost, should they lose the claim, prohibits access to justice for many claimants. Our process is augmented by artificial intelligence systems to assess risk. As a professional litigation funder, Apex will make available funds to pay legal and other costs associated with a claim in return for an agreed share of any successful return. If there is no recovery or the claim is lost, there is nothing to repay.
