Gregoire Tournant admits role in scheme to hide risks from investors in investment strategy that suffered heavy losses
Pimco’s inflows are already almost equal to its 2023 total
Settlement by Europe’s largest insurer comes as authorities vow to get tougher on white collar crime
German insurer’s investment arm pleads guilty to securities fraud
Total costs over Allianz Global Investors’ ‘structured alpha’ fund settlements rise to €5.6bn
German asset manager says it will punish groups from 2023
Europe’s biggest insurer to consider speeding up board reshuffle, citing problems in the US
Oliver Bäte warns that US lawsuits and regulatory probe into fund losses ‘will leave marks’
A cautionary tale on offering supposedly protected returns
Share fall wipes €7bn off value as DoJ launches probe into investment decisions that triggered lawsuits
Investor demand for sustainable funds accelerated sharply in 2020
Insurance-related losses and lower asset management performance fees dent profits
Asset manager accused of employing ‘reckless strategy’ during market turmoil
Closures at asset management arm AGI come as hedging strategies went awry in market rout
Parent companies increasingly choose external groups for diversified exposure
Andreas Utermann will be replaced by Tobias Pross at asset manager
Andreas Utermann says larger scale merger may be needed if European fund house is to fulfil its ambitions
Advisers say investors are put off by complex and unpredictable charging structure
An investment boom helped several companies achieve huge growth, but incursions on rivals’ core businesses are inevitable in the race to $2tn
Pictet, Pimco and Allianz Global Investors suffer heavy outflows as returns plummet
Clamour for the products as rates rise risks driving down the quality of assets
Fixed income managers are joining forces with equity investors to achieve shared aims
Asset manager fights back against cheaper passive providers
Long-term loan could signal shift in appetite for African risk from institutional investors
Elizabeth Corley believes industry can make a difference in society — but it needs help
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