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American International Group Inc , under fire from investors to improve its performance, reported a lower-than-expected profit for the third straight quarter as poor returns from hedge funds hurt its investment income. AIG has been scaling back investments in hedge funds, which have borne the brunt of excessive market volatility in the past year. Big-name hedge funds favored by pension funds and the ultra-wealthy for their track record of stellar returns took a battering in the first quarter of 2016, with some posting their worst ever start to a year on record.
INDIANAPOLIS (AP) — Assailing each other with no letup, Republican front-runner Donald Trump and challenger Ted Cruz traded insults, charges and more as Indiana voters went to the polls in what could be an all-but-decisive presidential primary election.