Page 32 - Structured Alpha News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 der Talfahrt an den Märkten zu Beginn der Corona-Krise im Frühjahr 2020 massive Verluste erlitten...

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.   Raytheon's 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 over the alleged mismanagement, including the Blue Cross Blue Shield Association National Employee Ben...

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 suits filed in the past several years, the plaintiffs in the suit are not retirement plan participan...

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 Dennis Davitt that seeks to have more than US$1 billion under management within the next 12 months. ...