Aig announces strategic partnerships with blackrock to manage certain aig and life & retirement assets

New york--(business wire)--american international group, inc. (nyse: aig) and blackrock, inc. (nyse: blk) today announced significant partnerships where certain liquid fixed income and private placement assets will be managed by blackrock. the arrangements contemplate blackrock managing up to $60 billion of the global aig investment portfolio and up to $90 billion of the life & retirement investment portfolio. additionally, blackrock's aladdin platform will provide investment management tec
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