Several bidders are eyeing American International Group's ( AIG) asset management business, The Wall Street Journal reported Tuesday. The AIG business, which according to the report has about $100 billion under management, has drawn attention from private equity firms Ashmore Investment Management, Hellman & Friedman, Rhone Group and TA Associates. Mutual fund managers Franklin Templeton Investments and Southgate Alternative Investments are also taking a look, according to the report. AIG is scrambling to pay back some $170 billion in government money, and the buyers, aware of this, are making lowball bids of $400 million to $800 million, well below the $1 billion to $2 billion these assets would ordinarily be worth, according to the newspaper. AIG shares were losing 2.7% to $1.07 in recent premarket trading.