Page 8 - Structured Alpha News Today

Allianz Global Investors has paid an unprecedented penalty for investor losses two years after its Structured Alpha strategies collapsed.

After its U.S. asset management unit pleaded guilty to criminal securities fraud, Germany's Allianz SE has agreed to pay more than $6 billion

Allianz Global Investors US LLC, a New York City-based investment adviser, has agreed to plead guilty to its role in a fraud scheme stretching from 2014 to 2020 that led to more than $5 billion in losses for investors, including the Arkansas Teacher Retirement System.

Germany's Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group of its multibillion

The United States Securities and Exchange Commission (SEC) reported this week that Florida and New Jersey residents working for a Delaware investment advisor misled investors in a multi-billion-dollar fraud scheme, while pocketing $550 million in fee

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

In addition to fines and restitution under the Justice Department, the company agreed to pay more than $1 billion to settle claims by the SEC, including.

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

US authorities say Greg Tournant and his colleagues sold lies to investors that cost customers, and now the company, billions of dollars.

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...