Business Week – American International Group Inc., the insurer that posted a $1 billion writedown from hedge funds and private equity investments in the first quarter of last year, may have benefited from a rebound in the holdings.
Rivals including MetLife Inc. and Travelers Cos. posted improved results from the so-called alternative assets in the first three months of 2010. AIG, which is scheduled to report first-quarter results tomorrow, may reap its third straight gain from the investments, which totaled $19.3 billion at year-end.
