Allianz Global Investors (commonly called AllianzGI), is a global investment management firm with offices in 21 locations worldwide. It is owned by the global insurance and financial services group Allianz. Employing nearly 3,000, it manages over EUR 590 billion in assets on behalf of institutional, retail clients and also Allianz itself, covers asset classes including equities, fixed income, multi asset and private markets.[1] AllianzGI became known for fraud case in which its Structured Alpha fund lost over 6 billion dollars in the 2020 market sell-off. As the risk profile of the fund was missold to the investors it led to charges against the company and its managers.
History
Allianz first created a separate asset management business in 1974 under the leadership of board member, Joachim Faber. Through a combination of asset management acquisitions as well as acquisitions of other businesses that had asset management units, Allianz established a large asset management division comprising different investment 'boutiques'. Allianz Global Investors was established as a dedicated asset management business in 1998. Since then, they have grown into one of the world’s leading active asset managers.
In 2011, a decision was taken to combine most of the different investment managers into a globally integrated asset manager;[2]