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Harbinger Capital Partners’ $350 million acquisition of Old Mutual’s American life insurance unit is the latest in a string of acquisitions for the large hedge fund. The firm, run by the billionaire Phillip A. Falcone, believes it can add value by better managing the insurance company’s troubled assets. If successful, the unit could provide strong [...]

Deutsche Bank, Goldman Sachs and Morgan Stanley were chosen by the American International Group to arrange a Hong Kong initial public offering of its main Asia life insurance unit, Bloomberg News reported, citing two people with knowledge of the plan. The underwriting banks will meet tomorrow with American International Assurance Go to Article from Bloomberg [...]