AIG Continues to Scale Back Investments In Hedge Funds

(Reuters) AIG has been scaling back investments in hedge funds, which have borne the brunt of excessive market volatility in the past year.Big-name hedge funds favored by pension funds and the ultra-wealthy for their track record of stellar returns took a battering in the first quarter of 2016, with some posting their worst ever start to a year on record.

AIG’s weak results come at a time when the company is facing the possibility of having to set aside more capital as regulators worry about financial firms deemed “too big to fail”.

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