Fairholme increases AIG stake
Fairholme Capital Management, the investment firm run by Bruce Berkowitz, has raised its bet on the recovery of AIG by increasing holdings to 25.5 million shares, following the release of the insurance giant’s first quarter results.
The stake disclosed in a regulatory filing compares with the 15m AIG shares Fairholme reported as of 31 March. Mr Berkowitz has said he began buying AIG stock in the second half of 2009.
His firm's
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