Investcorp Posts Its First Loss

``Bahrain-based Investcorp Bank BSC has become the latest private-equity investor to be hit by a diversification into other alternative assets, as a halving in the value of its hedge-fund investments contributed to the group reporting its first yearly loss on record. Investcorp's hedge-fund assets fell to $3.95 billion from $7.9 billion over the year to the end of June, according to the group's annual results published Wednesday.''