Tag Archives: american international group inc


AIG Gains From Hedge Fund Rebound After $2 Billion of Losses

Bloomberg – American International Group Inc., the insurer bailed out by the U.S., benefited from hedge funds for the first time in a year as the company returned to profitability in the second quarter. AIG earned $121 million from hedge […]

Summers Pocketed $5 Million from Hedge Fund D.E. Shaw & Co.

New York (HedgeCo.Net) – Lawrence Summers, who is currently serving as Director of President Obama’s National Economic Council, made millions from his days working as a managing director for hedge fund D.E. Shaw & Co.  The New York-based hedge fund, […]

Treasury chief seeking power over hedge funds

Houston Chronicle – Treasury Secretary Timothy Geithner will ask Congress to bring large hedge funds, private-equity firms and derivatives markets under federal supervision for the first time as part of a revamp of U.S. financial rules. The Treasury chief will […]

Hedge Funds That Bet Against Housing Market May Get AIG Cash

Wall Street Journal – Some of the billions of dollars that the U.S. government paid to bail out American International Group Inc. stand to benefit hedge funds that bet on a falling housing market, according to people familiar with the […]

Fed Approves Intercontinental Credit-Default Swap Clearing Plan

Bloomberg – Intercontinental Exchange Inc.’s bid to be the top U.S. guarantor of credit-default swap trades won Federal Reserve approval, leaving the Securities and Exchange Commission as the futures market’s final regulatory hurdle. Intercontinental and larger rival CME Group Inc. […]

Bernanke Says Insurer AIG Operated Like a Hedge Fund

Bloomberg – Federal Reserve Chairman Ben S. Bernanke said American International Group Inc. operated like a hedge fund and having to rescue the insurer made him “more angry” than any other episode during the financial crisis. “If there is a […]

James Chanos Says Hedge Funds Face Regulation: Year in Review

BloombergThe financial wreckage of 2008 has left no part of our country untouched. It exposed the bankruptcy of business models employed by mortgage companies, investment banks, and rating agencies as well as the flaws of innovations such as structured finance […]

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