AIG Mutual Fund Becomes PineBridge Mutual Fund
By News Desk | Oct 11, 2011
AIG Mutual Fund will now be owned by PineBridge Investments Japan Co. Ltd. and AIG Capital Corporation, the current sponsor of AIG Mutual Fund will sell all its holdings to PineBridge. PineBridge is a corporation incorporated in Japan and has Rs. 46,906 crores (JPY 792 billion) of assets under management as on August 31, 2011.
The Mutual Fund will be renamed as PineBridge Mutual Fund, the AMC as PineBridge Investments Asset Management Company (India) Pvt Ltd and the trustee company as PineBridge Investments Trustee Company (India) Prvt Ltd.
The names of the schemes are proposed to be changed as follows: