New York (HedgeCo.net) \u2013 Two of the largest insurance companies in the country are taking different routes when it comes to investing in hedge funds. American International Group (NYSE: AIG) intends to reduce its hedge fund investments while MetLife (NYSE: MET) plans to stick to the plan. <\/p>\n
In a recent Bloomberg report, Peter Hancock, AIG\u2019s Chief Executive Officer reported that the company intended to lower the company\u2019s allocation to hedge funds. The initial report was issued in January, but it didn\u2019t say how many hedge funds the company would cut ties with. The most recent report states that the company will exit at least half of the funds with which it is invested with currently. The Bloomberg article included this quote:
\n\u201cWe had a very negative experience in hedge funds,\u201d Hancock said in the presentation. Shifting the allocations will \u201clead to a much better return on risk and especially return on capital.\u201d<\/p>\n
While AIG is looking to lower its allocation to hedge funds, MetLife acknowledged in a statement last week that the fourth quarter was disappointing, but that they were sticking with the strategy as private equity and hedge fund investing has proven effective over the long-term. Chief Investment Officer Steve Goulart stated that the largest U.S life insurer plans to be \u201creally concentrating on the managers and strategies that have been the longer-term stronger performers for us.\u201d<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 Two of the largest insurance companies in the country are taking different routes when it comes to investing in hedge funds. American International Group (NYSE: AIG) intends to reduce its hedge fund investments while MetLife (NYSE: […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,16,3,16048],"tags":[],"class_list":["post-51547","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=51547"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51547\/revisions"}],"predecessor-version":[{"id":51548,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/51547\/revisions\/51548"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=51547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=51547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=51547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}