UK – Barclays Global Investors (BGI) is to manage a new cash fund for Aon International Risk Management Group (AIRMG), the captive management arm of Aon Corporation.

The new fund will be managed through BGI’s pooled funds with clients’ assets placed into a single Aon cash fund. In addition, BGI will offer economically priced letters of credit facilities for AIRMG’s clients.

BGI will manage the fund using their traditional risk management, liquidity and transparency strategies.
Says Pattie Dunn, BGI chief executive : “The partnership between AIMRG and BGI demonstrates what companies can achieve when they combine their unique strengths for the benefits of investors.”