Allianz Global Investors News

Ex-Allianz Fund Manager Seeks Dismissal of Fraud Charges

The former Allianz SE hedge fund manager charged with fraud over billions of dollars in investor losses asked a judge to throw out the case, claiming lawyers wrongly betrayed him to protect the company. Gregoire Tournant claims in a Monday …

Allianz Global Investors Aims to Raise $1B for Fund Focusing on Climate Resilience

Allianz Global Investors on Wednesday said it is looking to raise $1 billion for its third blended finance debt fund, a mix of concessional and institutional capital seen as a crucial route to scaling up private investment in emerging economies. …

Allianz in Talks With Chinese Banks to Launch Asset Management Venture: Sources

Allianz SE is in talks with Chinese banks to set up a majority-owned asset management venture in the world’s second-largest economy, two people with direct knowledge of the matter said, aiming to tap a $4.3 trillion market for wealth products. …

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major …

Architect of Allianz Fraud Made $60 Million as He Lied to Investors, U.S. Says

The star portfolio manager at the center of a fraud at the U.S. funds unit of Allianz SE relied on the German insurer’s good name to lure investors and thrived from a lack of oversight as he pocketed $60 million …

AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact

Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on “impact” investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion …

Allianz, European Investment Bank Back €500M Public-Private Climate Fund

GLASGOW – The European Investment Bank and Allianz Global Investors said on Monday they plan to raise 500 million euros ($577.55 million) for a fund aimed at bolstering climate mitigation and adaptation in developing countries. The Emerging Market Climate Action …

Update: Allianz Warns Earnings Could Be Hurt by U.S. Investigation into Funds

Allianz SE warned of a potentially material hit to its earnings after the U.S. Justice Department opened a probe into its Structured Alpha Funds, which are at the center of lawsuits in the wake of steep losses during the pandemic. …

Allianz’ Investment Arm Plans to Cut Holdings in Coal Businesses

Allianz Global Investors plans to curtail investments in certain coal businesses by the end of the year. The 598 billion-euro ($707 billion) investment manager said in a statement Thursday that starting in December it will no longer invest in companies …

Allianz Confirms SEC Probing Its ‘Structured Alpha’ Funds, Subject to Investor Lawsuit

Allianz said on Wednesday that it was fielding a request for information from the U.S. Securities and Exchange Commission over a series of funds that suffered sharp losses amid the coronavirus-led market meltdown earlier this year and are the subject …