Managed Funds Lift Profits At Investcorp
Bahrain-based investment house Investcorp, a leader in the international private equitybusiness, has announced a fourth consecutive year of profits growth, with earningsincreasing 20% over 1996 to $109mn. The dividend is held at a conservative $30mn. A gooddeal of the improvement came from income from managed funds, which amounted to $109mn,four times the level of the previous year. Mr. Gary Long, Investcorp's...