AIG has replaced Apple as the hedge fund industry’s favorite stock after Apple’s stock slid 20 percent in the fourth quarter of 2011 while AIG – infamous for its government bailout and the near-meltdown that helped to trigger the Great Recession – saw its share price rise by 7.65 last quarter. Hedge funds have reduced their Apple positions by 30 percent while simultaneously buying AIG, seeing it as a cheap restructured entity with lots of potential.
But, Lloyd Lofton contends, people do want other things.
Life insurance has a history.
Nicolopoulos served for five years as the president of a New Hampshire agent group.
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