Tag Archives: american-international-group
AIG Gains From Hedge Fund Rebound After $2 Billion of Losses
Bloomberg – American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million from hedge […]
Ex-Chief of AIG Settles SEC Case for $15 Million
The Ledger – Federal regulators announced an agreement with Maurice R. Greenberg on Thursday to settle accusations that he oversaw an accounting fraud at the American International Group. But Mr. Greenberg did not go quietly. Shortly after the announcement from […]
Religare in race for AIG’s fund management unit –
domain-B – Indian financial services firm Religare Enterprises is reported to have bid for the investment management arm of beleaguered US insurer, American International Group (AIG) as part of its plans to expand its financial services portfolio. he reports say […]
AIG’s asset management division gets bidders: report
Washington Post – About half a dozen investment managers have put forward bids, ranging between $400 million to $800 million, for troubled insurer American International Group’s asset management business, the Wall Street Journal reported, citing people familiar with the matter. […]
Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.
New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co. The New York-based hedge fund, […]
Geithner Wants Federal Supervision of Hedge Funds, Private Equity Firms
New York (HedgeCo.Net) – If Treasury Secretary Timothy Geithner gets his way, hedge funds and private equity firms will be placed under the supervision of the federal government. “Over the past 18 months, we have faced the most severe […]
Treasury chief seeking power over hedge funds
Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]
What If Washington Bailed Out of Bailouts?
Business week – The idea certainly seemed all right to throngs of Americans who were outraged by news that American International Group (AIG) paid out millions of dollars in executive bonuses after it was rescued with taxpayer cash. But would […]
Hedge Funds That Bet Against Housing Market May Get AIG Cash
Wall Street Journal – Some of the billions of dollars that the U.S. government paid to bail out American International Group Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the […]
Fed Approves Intercontinental Credit-Default Swap Clearing Plan
Bloomberg – Intercontinental Exchange Inc.’s bid to be the top U.S. guarantor of credit-default swap trades won Federal Reserve approval, leaving the Securities and Exchange Commission as the futures market’s final regulatory hurdle. Intercontinental and larger rival CME Group Inc. […]
