• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Fortress to acquire 80 per cent stake in AIG subprime lender
  Hedgeweb - THU, AUG 12 2010
Funds & Investment American International Group Inc. (AIG) agreed to sell 80 per cent of its subprime-lending arm to Fortress Investment Group LLC (FIG), freeing itself from the unit's $17bn in debt as it works to repay the bail-out funds it received from the government.

The two firms didn't disclose the terms of the deal but according to people familiar with the agreement said Fortress paid only "a small fraction" of the unit's $2bn to $3bn in equity.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.