AIG has renamed its fund management division before selling the unit to Pacific Century Group, Bloomberg reports. The business, which had $88.7 billion of assets under management as of June, has been rebranded to PineBridge Investments from AIG Global Investment.

The move comes as part of the insurer’s efforts to detach the operations from the name associated with a $182.3 billion bailout. Pacific Century is likely to pay about $500 million for the subsidiary and the sale is expected to be completed in December.

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