As AIG Slashes Hedge Fund Managers, CIO Dachille Uses Soft Skills To Evaluate Alternative InvestmentsMark Melin
Doug Dachille accepted a significant responsibility last year when he became chief investment officer at American International Group. Dachille just slashed AIG’s hedge fund holdings in half, issuing redemption notices for $4.1 billion in assets.
In a Bloomberg Brief interview with Sonali Basak, he outlined his investment process towards evaluating non-transparent hedge funds and some of the illusions he sees sprinkled on the hedge fund investing landscape much like trying to thinly spread truffle sauce on rise so as to feed an exquisite meal to large numbers of investors. The idea of spreading a great manager thin . . .
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