Looks like Berkowitz initiated a new holding on AIG on 4-12. They bought about 15,000,000 shares at $41.22 if I'm reading that right. VERY BULLISH if accurate!!!
Berkowitz was Morningside Manager of the Decade. Brilliant guy who doesn't make too many mistakes. He makes big bets when he thinks it's undervalued and I'd say that half a billion is a big bet. That's be about 11% of the outstanding shares. Someone correct me if I'm wrong here.