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AIG's Robert Discolo Talks Hedge Fund Talent
Funds of funds are under fire. Paid generous fees for picking hedge funds for their investors, their role has been questioned lately in the wake of the Bayou scandal.
American International Group's(AIG Quote) Hedge Fund Strategies Group, a $7 billion fund of funds, belongs to the big guns category, serving a handful of large institutional clients. Amid AIG's accounting issues, Robert Discolo, who heads this fund of funds group, is relatively sanguine on hedge funds, Asia and the future of the industry.
Discolo took the time to discuss the outlook for the industry and his strategy in an interview with TheStreet.com. ...
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