Close
ThinkAdvisor

Life Health > Life Insurance

AIG is the new Apple of hedge fund managers’ eyes: report

X
Your article was successfully shared with the contacts you provided.

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.