Thursday, October 13, 2011

Doctor Doom :Economist Nouriel Roubini's Firm Is For Sale

Doctor Doom :Economist Nouriel Roubini's Firm Is For Sale
Published: Tuesday, 11 Oct 2011 | 12:26 PM ET
By: David Faber
CNBC Anchor and Reporte

Roubini Global Economics, the economics research firm begun by noted economist Nouriel Roubini, is for sale, according to sources who have been approached by an investment bank conducting an auction for the firm.

RGE, as it's known, has grown quickly since its founding by Roubini, who is its chairman. It has over 85 employees, and is still losing money.

According to people who have seen the offering book for the sale, the firm is projected to have revenues of $14 million this year and it will post a loss of roughly $2 million dollars, and projects eight percent revenue growth into next year followed by 40 percent revenue .

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