But such funds are still licking their wounds, having provided capital to banks last year at share prices well above today's.The banks' problems feed back into the credit markets.
In the past year, hedge funds have provided capital for start-up reinsurers such as Swiss-based Glacier Re (backed in part by George Soros's Soros Fund Management) and CIG Re (backed by Citadel Investment Group, of Chicago).In paying so much attention to Katrina this week, the industry had little time to ponder its other worries.
Founded by Kirdar in 1982 to channel money from newly rich businessmen in Bahrain and its neighboring Persian Gulf states to U.S. and European companies in need of capital, Investcorp has provided the capital and strategic vision behind some of the most successful corporate recapitalizations of the 1980s and 1990s.
We are distressed and angered that Forbes chose to ignore these facts and decided instead to paint a picture of AEI that has done a great disservice to our firm's employees, customers, the venture capital firms we are privileged to have relationships with and the portfolio companies for which AEI has provided growth capital.
It has provided seed capital for Yahoo, E*Trade and Buy.com, among others.
At the time, Wilpon and Katz said that "ownership has provided additional capital to cover all 2011 losses and is moving forward with the necessary resources to continue to operate the franchise".
It has provided seed capital for an industry-led programme to train 150m workers by 2022, the 75th anniversary of the country's independence, focusing on the 20 economic sectors in which it expects high growth.
In the U.S., Arts Alliance has provided venture capital to Internet radio up-and-comer Spinner.com, the news and commentary site Feed.com and the financial site Interactive Investor.
With assets of $1.7 billion, Investcorp has provided the capital and strategic vision behind some of the most successful corporate recapitalizations of the 1980s and 1990s, including those of Tiffany & Co. and Gucci Group.
