Jan 052010
A private investor group led by the Ontario Teachers’ Pension Plan announced it has acquired the Canadian mortgage insurance business of American International Group (AIG). AIG United Guaranty Mortgage Insurance Co. Canada is the second largest …
I found some interesting numbers to complete this very brief article.
As of Sept. 30 2009, AIG tapped $122.31 billion of the aid package and owed the government $85.66 billion in loans. Shares of AIG fell 34 cents to $29.55 in afternoon trading. Teachers' is one of the world's largest private equity investors. With $87.4 billion in net assets at the end of last year, the pension fund is the largest single-profession pension plan in Canada. So I am curious whatt consequences will this action have and how will it influence that mass of people joined in this fund.
Julie