Page 16 - Structured Alpha News Today

NEW YORK – A federal judge has ruled that a German financial services company will face claims from investors that it wrongly administered hedge funds which took billions of dollars in losses, at the start of the COVID-19 pandemic in 2020.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa” of Allianz SE and its rated subsidiaries. The outlook of these Credit Ratings is stable. The ratings reflect Allianz’ s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favourable business profile and...

On Thursday, Allianz said its top asset management executive Jacqueline Hunt was leaving her day-to-day role, and announced changes to its board.

Die Allianz hat nach Auskunft von Konzernchef Oliver Bäte "eine schreckliche Woche" hinter sich. 07.08.2021

04.08.21 08:37 Bei der Allianz-Aktie (WKN: 840400) gibt es jetzt zugegebenermaßen eine nicht unwichtige, größere Baustelle. In der Auseinandersetzung um die sogenannten Structured Alpha Fonds hat sich jetzt das US-Justizministerium eingeschaltet. Möglicherweise ein Indikator dafür, dass dieses Kapitel für den Vermögensverwalter Allianz Global Investors zu einem Problem heranreifen könnte. Selbst Foolishe Investoren wittern bereits eine Milliardenbelastung bei der Allianz-Aktie. Sowie e...

USA: Milliarden-Sorgen für die Allianz Kursrutsch beim deutschen Versicherungsriesen Allianz. Wegen wachsender Probleme mit Behörden in den USA drohen dem Konzern hohe Sonderbelastungen. Anlass sind Schadenersatzklagen potenter Investoren. Es geht um den Vermögensverwalter Allianz Global Investors AGI, der zu dem Münchner Konzern gehört. Im Mittelpunkt der Klagen stehen Hedgefonds, die Allianz Global Investors unter dem Namen "Structured Alpha Fonds" aufgelegt hatte. Die Papiere hatten in...

Raytheon Technologies’ corporate pension fund is the latest of a bevy of retirement plans to sue Allianz over alleged mismanagement of certain structured product investments.   Raytheons complaint, filed on Friday, alleges that it lost about 75 percent of its $375 million investment with Allianz — losses that “far exceed” what it would have lost if Allianz “prudently” managed the investment strategy.   Raytheon joins several other pension funds that have already sued Allianz ove...

Allianz Targeted by Raytheon in Fiduciary Breach Lawsuit The complaint suggests Allianz abandoned a hedging strategy that was the supposed cornerstone of an investment fund utilized by the Raytheon pension plan, resulting in unexpected losses.  Reported by Plaintiffs have filed a new Employee Retirement Income Security Act (ERISA) complaint in the U.S. District Court for the Southern District of New York against Allianz Global Investors. Distinguishing the case from many of the numerous ERISA ...

Mike Novogratz backs volatility fund betting COVID-hit trade rebounds Donal Griffin and Yakob Peterseil, Bloomberg News The digital age is finally coming to finance: Novogratz on Bitcoin rally and IPO VIDEO SIGN OUT Mike Novogratz, the billionaire Bitcoin investor, is wagering on volatility, a market that’s still scarred from the COVID crash earlier this year. Novogratz, 56, is among the backers of Millbank Dartmoor Portsmouth LLC, an investment fund founded by Wall Street veteran ...