Religare in race for AIG’s fund management unit –
domain-B – Indian financial services firm Religare Enterprises is reported to have bid for the investment management arm of beleaguered US insurer, American International Group (AIG) as part of its plans to expand its financial services portfolio.
he reports say the Delhi-based company, leading the race for fund management unit among eight others, could pay around $600-700 million for the US insurer’s investment subsidiary. Religare has been talking to AIG Investments top management, led by Win Neuger, for nearly two months.
Read Complete Article
About the HedgeCo News Team
The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis.
Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated
and tagged aig
, financial services firm
, financial services portfolio
, fund management
, investment management arm
, investment subsidiary
, management unit
. Bookmark the permalink