Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted May 17, 2022 By Tom Sims, Alexander Hübner and Jonathan Stempel Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal...
Allianz Sets Aside Another $2 Billion for Structured Alpha Fund Debacle May 11, 2022 By Tom Sims and Alexander Hübner Germany’s Allianz said on Wednesday it would set aside another 1.9 billion euros ($2 billion) as it braces for the...
Inside Allianz’s $4B Structured Alpha Fund Blowup: Red Flags and Fat Fees March 14, 2022 By Neil Weinberg, Alex Wittenberg and Will Louch It’s every investor’s dream: Make money when markets go up, and when markets go down, and even when markets go...
Arkansas Teachers Fund Agrees to $643M Settlement With Allianz Over Losses March 3, 2022 A pension fund for teachers in Arkansas has settled with Allianz and dropped its lawsuit over losses in a multibillion-dollar...
Allianz Fires 2 Asset Managers Who Ran Group of Collapsed Investment Funds February 22, 2022 By Tom Sims Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds February 18, 2022 By Tom Sims and Alexander Hübner German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to...
Allianz Posts Better-Than-Expected Q3 Net Profit as It Emerges From COVID Pressures November 10, 2021 By Tom Sims and Alexander Huebner Allianz nudged its forecast for record profit in 2021 even higher on Wednesday after a bumper third quarter while it...
Germany’s Allianz Facing U.S. Justice Probe of Fund Managers, Investors’ $6B Lawsuit September 10, 2021 By Chris Prentice and Tom Sims FRANKFURT/WASHINGTON — The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund...