By InsiderMonkeyAs many talented hedgies so often do, Scoggin Capital has truly flown under the radar of the mainstream media, but we’re here to illuminate Curtis Schenker and Craig Effron’s latest fourth quarter 13F filing with the SEC. The two invest in a range of ETFs and options, but let’s take a look at their top five long-only stock picks, which have already returned an average of 8.5% year-to-date, outperforming the SPY by more than two percentage points. Like the rest of their hedge fund peers, American International Group, Inc. (NYSE:AIG) is the No. 1 stock pick of Schenker and Effron, and the leaner, meaner post-bailout insurer has been a particularly good investment since mid-November, returning 22.5% in this time. Despite their solid gains, shares of AIG still trade at a ridiculously low 0.55 times their book value—second lowest in the 78-stock property & casualty insurance industry. Equally as important, Wall Street’s average price target on this stock represents a 9-10% upside from current levels, indicating that Mr. Market still isn’t done with his bullish run.