Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile5 entries
2022
Criminal securities-fraud resolution
Allianz pleaded guilty to criminal securities fraud and agreed to pay more than US$6 billion. Former fund manager Gregoire Tournant was indicted, and former portfolio managers Stephen Bond-Nelson and Trevor Taylor pleaded guilty to fraud and conspiracy charges.
2021
United States and German investigations into Structured Alpha
The United States Department of Justice began a criminal investigation in August 2021. Germany's BaFin subsequently launched a regulatory investigation into the matter.
2021
US Justice Department investigates Allianz fund managers
Investigation
The US Justice Department is investigating managers of Allianz Global Investors' Structured Alpha Funds over whether they abandoned protections against a market collapse and how they communicated investment risks to investors. The Justice Department and Allianz declined to comment on the nature of the investigation.
Source excerpt
消息人士指出，美司法部正在調查安聯環球投資(Allianz Global Investors)旗下的結構性阿爾法基金(Structured Alpha Funds)經理們，他們是否放棄了防範市場崩潰的保護策略，以及他們如何對投資人傳達風險的程度。
美國司法部對德國保險公司安聯(Allianz)的調查，目前正進行調查基金經理人可能的不當行為，以及其對投資人有關風險的錯誤陳述。
2020
Structured Alpha fund losses and alleged misrepresentation of risk
AllianzGI's Structured Alpha funds lost more than US$6 billion during the March 2020 market sell-off. Prosecutors and investors alleged that the funds' risk profile had been misrepresented, including to pension-fund investors.
2020
Arkansas teachers pension sues Allianz Global Investors
Lawsuit filed
The Arkansas Teacher Retirement System sued Allianz Global Investors to recover more than $774 million in losses, alleging negligence and breaches of fiduciary and contractual duties. The allegations are claims in the lawsuit, not a court determination.
Company response
Denial — Allianz Global Investors
“The premise of the lawsuit is simply incorrect and without foundation, as the funds in the Structured Alpha portfolio did not diverge from their investment strategy,” an Allianz Global Investors spokesperson told CIO.
Source excerpt
The Arkansas Teacher Retirement System (ATRS) is suing Allianz Global Investors to recover more than $774 million in losses it suffered in just three months earlier this year as a result of what the pension fund alleges was negligence and breaches of fiduciary and contractual duties.
“The premise of the lawsuit is simply incorrect and without foundation, as the funds in the Structured Alpha portfolio did not diverge from their investment strategy,” an Allianz Global Investors spokesperson told CIO.
In response to the lawsuit, Allianz Global Investors said it intends to defend itself “vigorously” against the allegations levied in the complaint.