Tuesday, May 21, 2013

Did This Firm Just Lose Its Title As Top Hedge Fund Darling?




From The Fool.com: One of the big headlines earlier this year involved American International Group's ascension to the top spot among hedge fund holdings. Knocking the reigning darling (Apple) from its top spot, the insurer was put back in the spotlight as it made strong headway in its recovery. But with the most recent quarter's 13F-HR filings showing that some hedge funds have exited their position in the company, is it safe to say that AIG's reign is over?

Every quarter, investment managers with over $100 million in qualifying assets have to report their holdings to the SEC….But the most recent filings show that at least four prominent names on Wall Street have either significantly reduced their holdings or exited their positions in AIG completely…

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