Tags: Moore | Citigroup | AIG | sale

Moore Capital Sells AIG Stake While Adding Citigroup Shares

Wednesday, 15 May 2013 03:07 PM

 

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Moore Capital Management LLC, the hedge-fund firm run by Louis Moore Bacon, sold its stake in American International Group Inc. as it added to its holding of Citigroup Inc.

Moore, based in New York, sold its 3.55 million shares of New York-based AIG, valued at $125.3 million at the end of last year, according to a filing today with the U.S. Securities and Exchange Commission. The firm added 525,000 shares of New York-based Citigroup, bringing its total to 5.23 million shares valued at $231.2 million. Citigroup is Moore’s largest holding by market value.

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