AIG Global R/E Seeks Buyer for Fund Management Biz

AIG Global Real Estate has announced plans to divest its fund management business.

That business operates 15 existing fund programs with over $12.4 billion in assets under management and $5.2 billion in equity capital commitments as of September 30, 2008, according to the firm. The fund management business is a global asset adviser headquartered in New York with regional operations in Europe, Japan, Latin America, and Asia and includes committed equity capital that has been funded or is to be funded by GRE as a sponsor or co-investor, according to the company’s announcement.

Bank of America and Merrill Lynch, GRE’s financial advisers, have begun to solicit interest for the fund management business.

GRE’s Fund Management platform includes:

  • Global asset adviser for a diversified client base
  • Funds include core plus, value-add and opportunistic with consistently strong results
  • Diversified portfolios across asset class, geography, and vintage
  • Seasoned group of investment professionals

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Transcentive Rolls Out New Equity Plan Solutions

Equity plan solutions provider Transcentive has announced the release of version 10.0 of the Express Equity suite of products, which includes the Express Options software solution.

The Shelton, Connecticut-based firm supports more than 2,000 companies worldwide. It is part of the Computershare group of businesses.

Now with the Express Options solution’s Global Restricted Stock Wizard, plan administrators will have additional filtering capabilities for grants and participants based on:

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

  • plan,
  • grant type
  • optionee
  • codes
  • vesting schedule

Additionally, it offers support of shares sold as a tax payment method, according to the announcement.

Other enhancements include additional capabilities for restricted stock units. Expiration dates will no longer be a required field for any restricted stock award grant type. Additionally, new reports and extracts will provide more details related to the lapse of restricted stock awards and restricted stock units, according to the firm.

Financial Reporting enhancements include support of nontraditional fiscal calendars, and updates to disclosure and EPS dilutions reports to provide more flexibility related to FAS 123R requirements.


 

More information is available at www.transcentive.com.

 

«