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ANALYSIS

Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
 
Downward price spiral will actually boost the cost of capital for most companies. CFOS, take note.
 
The latest bailout at AIG could be a preview of how the president will deal with Wall Street.
 
No corporate defaults. Big debt offerings. Percolating CP issuance. Things may be looking up in the capital markets.
 
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AIG investment chief said to be stepping down


(Reuters)—American International Group Chief Investment Officer Win Neuger will step down from his post and focus on a narrower role at the company, The Wall Street Journal said, citing people familiar with the matter.

An announcement is expected in coming days that Mr. Neuger, who has been the insurer’s chief investment officer for years, will leave that job, according to the paper.

Mr. Neuger will continue to oversee AIG’s business of managing assets for external clients such as pension funds, and will also keep his titles as chief executive and chairman of AIG Investments, the paper said.

AIG could not be immediately reached for comment by Reuters.

AIG, once the world’s biggest insurer by market value, averted bankruptcy in September last year with an $85 billion federal bailout, which later swelled to about $152 billion. The company has started selling assets to raise funds to repay a part of the government bailout.

Write to the editors at fw_editor@financialweek.com.
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