Allianz says reassesses risks as DOJ probes Structured Alpha Funds By Reuters

August 1, 2021 admin Stock News 0

© Reuters. FILE PHOTO: The logo of insurer Allianz SE in Puteaux in La Defense outside Paris, France, May 14, 2018. REUTERS/Charles Platiau/File Photo

FRANKFURT (Reuters) – The U.S. Department of Justice has begun an investigation relating to Allianz (DE:) Global Investors’ Structured Alpha Funds, following litigation pending in U.S. courts on the matter, Allianz said on Sunday.

Allianz Global Investors has received a voluntary request for documents and information from the Department of Justice (DOJ) and Allianz is fully cooperating with the DOJ as well as with the U.S. Securities and Exchange Commission, it said in a statement.

Allianz’ management has reassessed the matter and come to the conclusion that there is a relevant risk that the Structured Alpha Funds issue could materially impact future financial results of Allianz, it added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*