Investcorp, the Bahrain-based alternative investment manager, on Tuesday reported a small drop in first-half profit as its hedge fund returns slowed after a strong performance in the previous year.
The company, which once floated luxury brands Gucci and Tiffany & Co, suffered its first ever full-year loss in the fiscal year ended June 2009 as the financial crisis hit.
But its hedge fund business had helped it return to a profit in the financial year to June 2010.
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