FRANKFURT (Reuters) – The U.S. Department of Justice has begun an investigation relating to Allianz Global Investors’ Structured Alpha Funds, following litigation pending in U.S. courts on the matter, Allianz said on Sunday.
Allianz Global Investors has received a voluntary request for documents and information from the Department of Justice (DOJ) and Allianz is fully cooperating with the DOJ as well as with the U.S. Securities and Exchange Commission, it said in a statement.
Allianz’ management has reassessed the matter and come to the conclusion that there is a relevant risk that the Structured Alpha Funds issue could materially impact future financial results of Allianz, it added.
(Reporting by Arno Schuetze; Editing by Susan Fenton)
