AIG shares sinking; rumors of sell-off by Berkowitz

By Staff Reporter: Subscribe to Staff's | January 14, 2011 6:22 PM GMT

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According to StreetInsider.com. rumors are floating that fund manager Bruce Berkowitz of Fairholme Capital is unloading his huge stake in American International Group (NYSE: AIG) prior to the government’s planned sales of its own holdings in the insurance giant.

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AIG shares are down about 6.0 percent as of 12:18 p.m. (EDT).

Berkowitz presently owns about 44.3-million AIG shares, or 31.6 percent shares currently outstanding.

This article is copyrighted by International Business Times, the business news leader
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