New York-based CIFC Wednesday appointed former prime minister and defense minister Ehud Barak to its board of directors. Barak was appointed to the board alongside Marco Musetti, an internationally known businessman.
CIFC, a small company by American market standards, specializes in financial analysis for credit organizations in the United States. The company’s market value sits at $160 million, and its equity $270 million.
The company has only 59 employees, and it earned roughly $10 million last year. Its stock went down 11% in total over the last year. Between 2010 and 2012, CIFC operated at a loss of $600 million, but over the last four quarters, it managed to earn $52 million.
Roughly a year ago, Haaretz learned that Barak owns 0.5% of the total shares of Cyalume Technologies, an American company that produces glowing chemicals used in glow sticks, meant for the security industry. Cyalume (traded as CYLU) is an even smaller company, with a market value of $16 million; its stock went down by 65% last year.
Cyalume recorded earnings of $36 million last year and a loss of $11 million.