Registered investment adviser Allianz Global Investors (AllianzGI) has been accused of breaching fiduciary and contractual duties over specific investments in structured products by a multi million-dollar retirement plan, Arkansas Teacher Retirement System (ATRS).
The ATRS acts as a pension fund trust and was organised under the state laws of Arkansas. The three investment funds included in the claim are the Allianz GI’s Structured Alpha US Equity 250, Structured Alpha Global Equity 350 and 500. According to the case file, the Alpha funds’ ‘alpha component’ provided investors with downside protection and possible upside in bull and bear equity markets as well as high and low volatility. “Broadly, the funds pursued a market-n
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