AIG Global Investment Joins IMMFA
AIG Global Investment Corp. (Europe) Ltd has become the 27th member of IMMFA, the International Money Market Fund Association. AIG is a London-based subsidiary of AIG Global Investment Group, which manages approximately $313 billion in assets for American International Group, Inc. and for individual and institutional clients through mutual funds, limited partnerships and institutional separate accounts. AIG Global Investment Group, Inc. was ranked the sixth largest institutional asset manager in the world by Pensions & Investments’ 2002 Money Managers Directory, as measured by total worldwide institutional assets under management. Established on 14 June 2000, IMMFA is the trade association for providers of triple- A rated money market funds. Total market size in Europe has risen from under a billion dollars in 1995 to approximately $130 billion at end December 2002.