Word: aig
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Prices for commodities—goods such as copper, wheat, or oil—jumped by almost a quarter for the first 10 months of the fiscal year, according to the Dow Jones-AIG Commodity Index. The letter, released last August, estimated Harvard's investment in commodities at 17 percent of the endowment for fiscal year 2008, making it their single largest investment by asset class. That number reflects a near tripling of the share of the endowment invested in commodities since...
...Despite all that downside, there is some reason to think you're not necessarily a fool for jumping in. Holders of Blackstone "units" include the Chinese government and insurance giant AIG. At least two Blackstone directors have bought shares in the open market, though insiders are, by far, net sellers. Still, plenty of on-lookers have warned that if the super-savvy billionaires who run Blackstone are selling some of their stake in the company, you don't want to be on the buying end of that transaction. But if that logic really held up, you'd never want...
...indeed? Not everyone is convinced that a bust is inevitable. China's stellar track record of managing its economy over the past decade makes some analysts relatively confident a soft landing can be engineered. A hedge-fund manager in Shanghai notes that AIG, the insurance giant, tried this month to raise $1.3 billion to launch a China stock fund-and fell $400 million short of that goal. "There are signs that this is going to cool off, but not crash," he insists. Jun Ma, a Deutsche Bank economist in Hong Kong, says the recent rate hikes should keep inflation...
...Asia project to develop grassroots leagues across China. Next summer, Chelsea will embark on its first-ever tour of China. Those preseason tours can be pure gold, giving sponsors the chance to exploit target markets. When Manchester United goes to Malaysia, Korea, Japan and China this summer, shirt sponsor AIG will be with the team every minute. That will go some way to repaying the $28 million a year the U.S. insurance behemoth agreed to pay to slap its logo on the club jersey for four years - more than 50% higher than the amount previously paid to sponsor the club...
...keeping with that history, the Lloyd's warning might be seen as a wholesale call to combat climate change. But few issues in the insurance business are that simple. The fact is, most big insurers like Prudential, Travelers and AIG are heavy investors in businesses that are believed to contribute to global warming. A 2000 report by Friends of the Earth on the investment portfolios of Britain's top insurance companies, for instance, found they invested heavily in such global oil and mining companies as ExxonMobil, Elf Aquitaine and Rio Tinto...