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Exclusive-Allianz under investigation in Germany over investment funds

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Reuters

By Tom Sims FRANKFURT (Reuters) – 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, people with direct knowledge of the matter told Reuters. The move heightens the pressure on the insurer, which is already facing a slew of investor lawsuits over its Structured Alpha Funds and related investigations by the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC). The German insurer is one of the world’s biggest money managers with 2.4 trillion euros ($2.9 t…

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