Third Point’s Loeb Adds to AIG Stake, Sees ‘Significant Upside’

Third Point’s Loeb Adds to AIG Stake, Sees ‘Significant Upside’

Jacob Kepler/Bloomberg

Daniel Loeb ’s $9.3 billion Third Point LLC hedge fund increased its stake in American International Group Inc. last quarter as the U.S. government sold shares in the insurer.