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FRANKFURT: Allianz ALVG.DE has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings, according to regulatory filings.
FRANKFURT -Allianz has dismissed two asset managers who oversaw a group of investment funds that collapsed after racking up massive losses when the spread of coronavirus triggered wild market swings,...
Three portfolio managers had to part ways with the firm following losses caused during the selloff in March 2020.
German insurance giant Allianz said Friday it had covered the “substantial majority” of its legal liabilities in the US with a multi-billion-dollar provision that weighed on the group’s net profits in 2021
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero