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Capital Market Risk Advisors (CMRA) announced that its Institutional Investor clients successfully settled the last leg of their Allianz Structured Alpha litigation.
Aon's investment consulting unit has been beset with a long-running lawsuit as well as potentially more to come from another client.
Blue Cross and Blue Shield's pension committee and Aon Investments USA sued each other over investments with collapsed Allianz Structured Alpha funds.
The SEC charged Allianz Global Investors and three former portfolio managers with securities fraud related to the firm's Structured Alpha strategies.