AIG activist board member Paulson cuts stake

Hedge fund Paulson & Co has slashed its stake in global
insurer AIG, divesting almost half of its holding in the fourth
quarter.
John Paulson, who heads up the eponymous hedge fund and has a
seat on the AIG board, cut the firm's stake in the carrier by
46 percent in the fourth quarter.
Paulson and fellow activist Carl Icahn took major positions in
AIG in 2015 before launching a public campaign to break up the
business, arguing that it...