Financial Results
Hedge Funds & Alternative Investments
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Investcorp profit slumps 90 pct on hedge fund woes
Alternative investment manager Investcorp reported a 90-percent drop in half-year profits on Monday, hit by declining hedge fund revenues. The Bahrain-based firm, which once floated luxury brands Gucci and Tiffany & Co, said net profit was $5.3 million for the half-year ended Dec. 30, compared to $56.2 million in the…
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Click here to read the full story: Reuters