AIG to Cut Hedge Fund Bets After ‘Greatly Disappointing’ Results

Updated on
  • Insurer scales back after four years of poor returns, CEO says
  • Investing shift to help free up $2 billion of capital

Did AIG Go Far Enough to Reshape Itself?

American International Group Inc. Chief Executive Officer Peter Hancock is scaling back hedge fund bets as he seeks to improve returns and free up more cash to return to shareholders.

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