AIG Global Real Estate, a real estate investment management unit for insurer American International Group Inc., said Monday it will sell its fund management business.
The fund management business operates 15 existing fund programs with more than $12.4 billion in assets under management and an additional $5.2 billion in equity capital commitments as of Sept. 30.
The business is a global asset adviser based in New York with regional operations in Europe, Japan, Latin America and Asia.
AIG is in the midst of selling many operating units as it looks to streamline its operations and help repay a $150 billion rescue package it received in November from …
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