AIG Will Take Majority Stake in John McStay
May 3, 1999
American International Group (AIG) of New York will acquire a majority stake in John McStay Investment Counsel, an investment management company based in Dallas, for an undisclosed sum. The deal is expected to close in June.
John McStay runs the Brazos family of mutual funds that focuses on small and mid-cap companies and real estate securities. The firm also provides money management services to a variety of clients, including endowments, universities, foundations, public funds, pension plans and individuals.