AutomotiveBusiness & Finance

Reuters exclusively reports Allianz under investigation in Germany over investment funds

Reuters exclusively reported that German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year. The German insurer is one of the world’s biggest money managers with 2.4 trillion euros in assets under management through bond giant Pimco and Allianz Global Investors, which managed the funds at the center of the probes. The investigation by Germany’s financial regulator, BaFin, is across multiple departments of the institution, several sources said.

Article Tags
Topics of Interest: AutomotiveBusiness & Finance
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: Germany
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
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