September 2020 - Scott+Scott

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Teamsters Fund Sues AllianzGI For Hedge Fund Losses

Scott+Scott filed suit on behalf of Participants in the Teamster Members Retirement Plan against Allianz Global Investors and its subsidiaries, saying investors in a hedge fund it managed lost nearly $1 billion.

Allianz Investment Arm Sued Over $1B Loss From Virus Crash

Scott+Scott filed suit on behalf of a Teamsters Union retirement plan against AllianzGI alleging it abandoned its risk controls and meaningful downside hedging strategies for a fund purportedly designed to weather extreme market volatility.

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