EXCLUSIVE U.S. DOJ looking into conduct of Allianz fund managers

  • Allianz funds hit by coronavirus market turmoil in 2020
  • Investors suing Allianz for $6 billion in damages
  • Allianz disclosed U.S. justice department probe in August
  • DOJ looking into possible misrepresentation of risk – sources

FRANKFURT/WASHINGTON, Sept 10 (Reuters) – The U.S. Department of Justice (DOJ) investigation into German insurer Allianz (ALVG.DE) is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with knowledge of the matter told Reuters.

The probe, disclosed by the company on Aug. 1, is focused on Allianz funds that used complex options strategies to generate returns but racked up massive

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Employers encouraged to apply for Going PRO Talent Fund

LANSING — Since 2014, the Going PRO Talent Fund has provided employers across Michigan a path to seek funding assistance to train their workforce.

The annual state program makes awards to employers to assist in training, developing, and retaining current and newly hired employees. Training plans funded through the talent fund must be short-term and fill a demonstrated talent need experienced by the employer. Training must also lead to a credential for a skill that is transferable and industry-recognized.

To help employers in Lake, Mason, Mecosta, Newaygo, Oceana and Osceola counties further understand the program and the upcoming application process,

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How Much You Should Have in Your Retirement Fund at Ages 30, 40, 50 and 60

FluxFactory / Getty Images

FluxFactory / Getty Images

In your 20s, as you start your career and make real money for the first time, your spending changes. After living with Mom and Dad or in a college dorm, you can afford a place of your own and might want to splurge on the place with the amazing rooftop deck. You might have some disposable income for the first time — even after making the monthly payment on those student loans — and want to take a weekend trip each month with friends.

Find Out: 50 Best (and Worst) Cities for an Early Retirement
Concerns:

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