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Investcorp to Rebuild Hedge Fund Business as Founder Retires

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Investcorp Bank BSC, the Bahrain money manager whose founder is stepping down after three decades, is planning to rebuild its hedge-fund business and move back into European real estate.

Best known for taking luxury brands Tiffany & Co. and Gucci Ltd. public under founder Nemir Kirdar, Investcorp may also seek to shift its private-equity operations to larger transactions in the U.S. and push into Asia as its new management tries to boost growth, which stalled in the financial crisis.