Investcorp reports first annual loss
Investcorp reported its first annual loss in its history after the London and Bahrain-listed investment group suffered big falls on its hedge fund investments and heavy writedowns at its private equity and real estate arms.
Goldman Sachs posted its first quarterly loss since it went public in 1999, losing US$2.12 billion during its fiscal fourth quarter ended Nov. 28, but the firm still managed to eek out a full year profit.