{"id":8269,"date":"2008-08-01T00:00:00","date_gmt":"2008-08-01T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"aig-earnings-slump-on-private-equity-hedge-funds","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/aig-earnings-slump-on-private-equity-hedge-funds.html","title":{"rendered":"AIG Earnings Slump on Private Equity, Hedge Funds"},"content":{"rendered":"<p>Bloomberg &#8211; Just when American International Group Inc. shareholders figured things couldn&#8217;t get worse at the world&#8217;s largest insurer, profit from the company&#8217;s private equity and hedge fund investments is evaporating.             <\/p>\n<p>Earnings from so-called alternative holdings were probably close to zero in the second quarter, after soaring 77 percent to $1.02 billion a year earlier, said Citigroup Inc. analyst Joshua Shanker. <\/p>\n<p>The drop follows the worst first half for hedge funds in almost two decades and a 73 percent decline in the value of announced leveraged buyouts, according to data compiled by Chicago-based Hedge Fund Research Inc. and Bloomberg.     <\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=a3s1kxlRjf20&#038;refer=home\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Just when American International Group Inc. shareholders figured things couldn&#8217;t get worse at the world&#8217;s largest insurer, profit from the company&#8217;s private equity and hedge fund investments is evaporating. Earnings from so-called alternative holdings were probably close to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[180,1879,1822,795,145,122,720,242,1881,402,48,612,870,969,1880,938],"class_list":["post-8269","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-accountant","tag-asset-management-group","tag-bond-futures","tag-credit-cards","tag-curbs","tag-dee","tag-fund-managers","tag-img-src","tag-international-group-inc","tag-investment-firm","tag-money","tag-mortgage-fund","tag-onshore","tag-rally","tag-stephen-schwarzman","tag-stockholder"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8269","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8269"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8269\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}