Allianz Probed by German Regulator Over Hedge Fund Business (1)

German regulator BaFin has started its own investigation into Allianz SE’s Structured Alpha Funds, which are at the center of lawsuits and probes in the U.S. following steep losses during the pandemic.

BaFin is looking at the extent to which Allianz officials outside the Florida-based funds knew of the events leading up to the losses, according to a person familiar with the matter, who asked for anonymity to discuss internal information. Reuters reported on the BaFin probe earlier.

“Allianz regularly reports to and discusses with BaFin all matters of relevance and importance for Allianz SE and Allianz Group,” a ...