AIG Acquires Investment Firm

American International Group has not only hired a new chief investment officer, but scooped up the man's former company along with him. Douglas Dachille will become AIG's new CIO and executive vice president, according to a Tuesday press release. AIG is also purchasing Principles Capital Management, known by the name First Principles, a privately-held investment management company for people on fixed incomes. Dachille has been the chief executive officer of First Principles for 11 years, according to the statement. Terms of the First Principles acquisition were not disclosed, but...