Page 10 - Structured Alpha News Today

Germany's Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the

Alliance Global Investors will forfeit $463 million and pay $3.2 billion in restitution to victims of the fraud as well as a $2.3 billion penalty.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

By Tom Sims, Alexander Hbner and John O'Donnell FRANKFURT (Reuters) - The star portfolio manager at the centre of a fraud at the U.S. funds unit of Al...

NEW YORK (AP) — Bus drivers, subway conductors and religious and charitable organizations nationwide were among victims when fraud and the COVID-induced market collapse speeded the downfall of private investment funds once worth $11 billion, causing a loss of $5 billion for investors in an investment company giant, authorities said Tuesday.

The Justice Department brought charges against Allianz Global Investors US for the March 2020 scheme.

The SEC charged Allianz Global Investors and three former portfolio managers with securities fraud related to the firm's Structured Alpha strategies.

One of Allianz SE ’s U.S. investing divisions pleaded guilty and agreed to pay more than $6 billion in penalties and restitution for a scheme to defraud investors in funds that imploded during the March 2020 market selloff, the Justice Department said Tuesday.

Bus drivers, subway conductors and religious and charitable organizations nationwide were among victims, authorities say.

(RTTNews) - Financial services company Allianz SE (ALIZY) said on Tuesday that its indirect subsidiary Allianz Global Investors US LLC or AGI US e...