EXCLUSIVE Allianz under investigation in Germany over investment funds

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Exclusive: 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, sources told Reuters via TomSims_Reuters

The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018.

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 centre of the probes. An Allianz spokesperson on Tuesday said that the company was in regular contact with BaFin on all matters, including Structured Alpha. "It is an absolutely normal process," the spokesperson said.

 

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