PineBridge sale complete

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US/ASIA - The sale of American International Group's (AIG) asset management and investment advisory group division, PineBridge Investments, to private equity firm Pacific Century Group (PCG) has been completed.

The sale was initially agreed for US$500m last September. In November, the division was renamed PineBridge Investments, while it was being spun off. (Global Pensions, November 20, 2009) PineBrid...

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