Seeking Alpha

AIG reportedly sells India asset management biz to Brookfield

  • "AIG India Fund is closing down completely as the fund has no short-to-medium-term plans for India," says a source, who adds all four employees of the fund will join Brookfield Asset Management (BAM). The deal is expected to close by month's end.
  • From 2007-09, AIG invested $200M of the $300M fund across 5 projects - 3 of which it's exited. "The buyout is a good decision as it will help an established team like Brookfield leverage and help AIG exit some of its previous investment," says Cushman & Wakefield's Sanjay Dutt.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: