Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

2521

AIG Financial Products completes sale of commodity index business

RELATED TOPICS​

AIG Financial Products has completed the sale of its commodity index business to the equities business of UBS Investment Bank, including AIG’s rights to the DJ-AIG Commodity Index.

AIG Financial Products has completed the sale of its commodity index business to the equities business of UBS Investment Bank, including AIG’s rights to the DJ-AIG Commodity Index.

The purchase price for the transaction is USD15m, payable upon closing, plus additional payments of up to USD135m over the following 18 months based on future earnings of the purchased business.

Approximately 13 AIG-FP employees involved with the commodity index business are joining UBS Investment Bank in connection with the sale.

‘With this sale, AIG has realised value from the sale of a profitable business unit of AIGFP in connection with the ongoing unwind of AIG-FP’s businesses and portfolios,’ says Gerry Pasciucco, AIG-FP chief operating officer.

AIG-FP began the process of unwinding its businesses and portfolios late last year.

Latest News

The trading and investment platform eToro has extended its proxy voting feature to all stocks..
C8 Technologies, the London-based fintech founded by former BlueCrest Capital Management partners Mattias Eriksson and..
DWS has announced the latest development in its strategic growth push in Alternative Credit with..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by