Lightyear Capital

Shares of American International Group Inc (NYSE: AIG) were trading higher by more than 1.5 percent early Tuesday morning after the company announced that it has agreed to sell its AIG Advisor Group segment to investments funds affiliated with Lightyear Capital, LLC. Terms of the deal were not...

According to a Bloomberg report, Legg Mason Inc (NYSE: LM) is in exclusive talks to acquire a majority stake in Clarion Partners, a real estate investment specialist with around $38 billion in assets under management. Bloomberg, citing "people with knowledge of the matter,"...