Allianz under investigation in Germany over investment funds
#1

September 7, 2021
1:21 PM +08
Last Updated 3 hours ago


By Tom Sims



FRANKFURT, Sept 7 (Reuters) - German regulators have launched an investigation into the country's biggest financial company, Allianz (ALVG.DE), after the demise of some of its U.S. investment funds last year

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The move heightens the pressure on the insurer, which is already facing a slew of investor lawsuits over its Structured Alpha Funds and related investigations by the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC).

The German insurer is one of the world's biggest money managers with 2.4 trillion euros (US$2.9 trillion) in assets under management

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The various investigations and lawsuits revolve around Allianz Global Investor's Structured Alpha Funds, which catered to U.S. pension funds for workers such as teachers and subway employees.


https://www.reuters.com/business/finance...021-09-07/
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