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Monday, March 08, 2010

Brazos Pines for its New Identity

Reported by Armie Margaret Lee

Fund investors seeking information on the Brazos Mutual Funds should soon have a place to go on the Web. The AIG-owned and soon-to-be-sold fund family rebranded as PineBridge Funds at the end of January. PineBridge spokeswoman Astrid Josephson confirmed that by the end of today the funds should have a revamped Web site.

The revamped Web site for the funds, www.pinebridge.com/usmutualfunds, was set to go live today, according to Josephson.

The rebranding comes five months after AIG signed a deal to sell a chunk of its investment advisory and asset management business to Bridge Partners, owned by Hong Kong magnate Richard Li's Pacific Century Group, for $500 million.

The AIG businesses being sold included AIG Global Investment Corp and its subsidiary, Brazos Capital Management. Last November, the business that Bridge Partners is purchasing rebranded to PineBridge Investments.

The deal has yet to close, according to Josephson.

The Bridge deal is unrelated to the AIG Life-MetLife deal unveiled this morning. 

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