investment losses

According to an internal memo, the authorities are working to determine whether Olympus worked with organized crime syndicates to obscure billions of dollars in past investment losses.

But many endowments continue to place their faith in high-risk alternatives like hedge funds, private equity and real estate.

Health insurer WellPoint Inc. said Wednesday its profit fell 7.6 percent in the second quarter as it felt the effect of investment losses.

Shares of Genworth Financial Inc. gave ground Friday, the day after the insurer reported a first-quarter loss largely due to subprime mortgage impairments and investment losses.

The Mizuho Financial Group, which rode to Wall Street’s rescue last year with a billion-dollar investment in Merrill Lynch, blamed heavy investment losses for the loss.