Allianz facing investigation over collapse of its US investment funds

Allianz facing investigation over collapse of its US investment funds — — -Brussels (Brussels Morning) Germany’s largest financial company Allianz is reportedly facing an official probe into the demise of some of its US-based investment funds last year, piling fresh pressure on the insurer, which is already burdened by investor lawsuits.

The German financial services regulator BaFin has launched an investigation across multiple departments of Allianz, according to a number of anonymous inside sources contacted by Reuters.