Investor AB is planning to restructure and wind down part of its business to cut annual operating costs, The Wall Street Journal reports. The Swedish investment firm will restructure its venture capital firm, Investor Growth Capital (IGC) and also close its proprietary trading arm, Active Portfolio Management. Effective from July 1, 2011, IGC will become a standalone entity carrying its own costs, adds AltAssets. Investor AB will contribute €165.36 million over the next year, post which no additional funding will be provided.
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