Investcorp swings to full-year loss amid pandemic but eyes $50bn in assets

Investcorp, the Bahrain-based alternative investment management firm, swung to a net loss in its 2020 fiscal year as fee income dropped amid the coronavirus-induced economic slowdown, but the company remains focused on reaching its $50 billion (Dh183.5bn) target in assets under management, its executive chairman said. “The unprecedented global impact…