Since the collapse of a group of its hedge funds two years ago, Allianz SE has lost a total of $5.9 billion, with investors claiming to have lost billions from the fund collapse, according to a report from Bloomberg.
Since the collapse of a group of its hedge funds two years ago, Allianz SE has lost a total of $5.9 billion, with investors claiming to have lost billions from the fund collapse, according to a report from Bloomberg.
Allianz has set aside an additional $2 billion, estimating the remaining exposure, to resolve lawsuits and regulatory issues that were attached to the collapse.
The total cost from charges incurred from the Florida-based structured alpha funds is now €5.6 billion, with the first round of investor settlements costing €3.7 billion.
