- MANAMA: Investcorp, the asset management firm specializing in alternative investments, Wednesday announced its results for the 12 months ended June 30, 2011.
Investcorp's net income increased by 37 percent to $140.3 million, up from $102.2 million in 2010. This represents the third best profit performance in the firm's history and continues the rebound to profitability and growth, which began in FY10. Earnings per ordinary share doubled to $128 per share, and the board of directors has recommended a resumption of dividend payments to ordinary shareholders in the amount of $15 per share.During the year, Investcorp realized more than $1 billion in proceeds from alternative investments, reflecting the high quality of the firm's investment portfolio and its success in supporting and managing these investments through the financial crisis in order to maximize value. Gross operating income in FY11 was $413.6 million, a 15 percent increase over the previous fiscal year. Asset-based income grew by 52 percent with corporate investment, real estate investment and hedge funds all producing solid, positive returns. The year was marked by a 67 percent rise in placement and fundraising in the Gulf to a total of $517 million. Against a background of low interest rates and a continuing high level of financial risk globally, this increase demonstrates the strong interest of Gulf investors in attractive alternative investment opportunities that offer diversification potential in the face of continuing macro-financial risks. It also underlines the strength of Investcorp's long-established relationships with Gulf investors, its enduring franchise and the innovation and quality of service inherent in its business model.Nemir A. Kirdar, Investcorp's executive chairman & CEO, said: "Investcorp once again produced excellent results from all its diversified business activities on three continents. The high reputation of the Investcorp brand and our strong performance in our target markets are due to the superior skills and talents of our staff as well as the trust and respect afforded by our clients. We have every reason to look forward to continued upward momentum and delivering further progress and achievements in the years ahead."

