AIG To Invest $10 M In Maiden Fund

New Delhi: American International Group (AIG) plans to pump in $10 million in the maiden fund offering of AIG Global Investment Group in India - AIG India Equity Fund. This amount of $10 million would come from AIG's own balance sheet. AIG India Equity Fund is an open-ended diversified equity fund, which would be open for buy from May 3 to May 31. AIG is keen to enter into mortgage guarantee and asset reconstruction (capital recovery) businesses in the coming months. AIG also mulls to expand its headcount in India from 4,500 professionals across eight businesses to 6,600 by the end of the current calendar year, it is also looking to expand its geographical presence across India and take the number of offices (in all the eight businesses) to 350 across 120 cities from the existing level of about 180 offices.