Win Jay Neuger is the chairman and founder of EcoAlpha Asset Management, an investment management firm. Prior to Eco Alpha, Neuger was the chief executive officer, chairman, and director at

AIG American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core ...

Global Investment Corporation. In March 2010, AIG sold its Global Investment Corporation (renamed PineBridge Investments) to Bridge Partners, a subsidiary of Pacific Century Group. Neuger became CEO of Pinebridge Investments.

Career

Neuger received an M.B.A. from Dartmouth’s Amos Tuck Graduate School of Business and an A.B. from

Dartmouth College Dartmouth College ( ) is a Private university, private Ivy League research university in Hanover, New Hampshire, United States. Established in 1769 by Eleazar Wheelock, Dartmouth is one of the nine colonial colleges chartered before the America ...

. He then went to work for Northwestern National Bank (now Wells Fargo) and eventually ran the

fixed income Fixed income refers to any type of investment under which the borrower or issuer is obliged to make payments of a fixed amount on a fixed schedule. For example, the borrower may have to pay interest at a fixed rate once a year and repay the pr ...

business. In 1982, he left to become the chief investment officer at Western Asset Management (now Legg Mason). In 1984, he moved to Banker's Trust on a "rescue mission as BT was bleeding assets as a result of poor performance." Neuger eventually went on to run fixed income and equities and then moved into new areas such as structured products. In 1995, Neuger joined AIG, where he came to oversee its global investment portfolio In seven years, Neuger had grown AIG Investments into a company with $753 billion in assets. Neuger focused on building the alternative business of hedge funds and private equity both in developed markets and emerging markets. The company had 45 asset management offices around the world, spanning Asia, Latin America, Africa, Europe and USA. In his book ''Griftopia'',

Matt Taibbi Matthew Colin Taibbi (; born March 2, 1970) is an American author, journalist and podcaster. A former contributing editor for ''Rolling Stone'', he is the author of several books and publisher of ''Racket News'' (formerly ''TK News''). He has re ...

laid a substantial portion of the liquidity crisis at AIG directly on Neuger's doorstep. According to Taibbi, in Neuger's desire to increase profits, Neuger directed his unit to invest collateral from

securities lending In finance, securities lending or stock lending refers to the lending of securities by one party to another. The terms of the loan will be governed by a "Securities Lending Agreement", which requires that the borrower provides the lender with co ...

into mortgage-backed securities, a move which Taibbi described as "moronic".Actually, It Might Be All Win Neuger's Fault AIG Collapsed, Not Goldman Sach's
July 9, 2010 AIG Global Investment Corporation was eventually sold to Pacific Century Group, and Neuger remained as CEO. He retired as the Vice Chairman of the company in 2013.

Philanthropy

Neuger was the co-chair of the board of directors of Youth, I.N.C. which in 2011 recognized him at its annual gala. Steve K. Orr, the executive director and founder of Youth, I.N.C., stated "Win's passion and drive to build Youth, I.N.C. into a first class organization has been transformational and has impacted the lives of innumerable city youth." Neuger is the treasurer and finance chair on the board of the Robert Toigo Foundation, serves on the investment committee of the Margaret A. Cargill Foundation, and is on the board of overseers at the

Tuck School of Business The Amos Tuck School of Business Administration at Dartmouth College is the graduate business school of Dartmouth College, a private Ivy League research university in Hanover, New Hampshire. It was founded in 1900 as the first institution in th ...

at Dartmouth.

Personal life

Neuger is the son of a public relations executive and grew up in Edina,

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

References

External links

PineBridge Investments
{{DEFAULTSORT:Neuger, Win Living people American businesspeople in insurance Year of birth missing (living people)