Allianz Financial News

Subscribe to enjoy similar stories. The Hinduja Group is ramping up its efforts to acquire bankrupt Reliance Capital, with Barclays Capital taking the lead in the second tranche of a high-yield rupee bond offering, three people with knowledge of the deal said, asking to remain anonymous. The group aims to raise a total of ₹4,300 crore (approximately $515 million) to fund the acquisition, which was approved by the National Company Law Tribunal (NCLT) but has faced delays due to regulatory hurdles and funding challenges.

Vacationing abroad is fun, but things can go south quickly. What if you lose your luggage? Or worse, somebody mugs you? This happened to TV star Divyanka in July, when she and her husband travelled to Florence, Italy. Somebody broke into their car and stole their belongings including passports and ₹10 lakh in cash. The local police were of no help.

According to the half-year results published today (8 August), the vehicle's net asset value rose 28% between January and June, compared to a 27% gain for the Dow Jones World Technology index. The performance was driven by the vehicle's overweight exposure to semiconductors and underweight exposure to tech hardware. Meanwhile, its share price total return was 30.6%, as the trust's discount slightly narrowed from 10.3% at the end of 2023 to 8.4% on 30 June 2024. According to the Association of Investment Companies, ATT's discount has continued to narrow further, standing at 4.8% at ...

Weather is a common component of small talk, but few advisors would prioritize it in a retirement planning conversation with their clients. That could be a mistake.

yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision where the central bank is set to detail plans to taper its huge bond buying and a rate hike is on the cards. Wednesday looked set to be a busy day for markets, with China's official purchasing managers' index (PMI) data and Australian consumer price figures also due during the Asian session.

The global equity team launch is expected to strengthen Allianz GI's prowess in the booming artificial intelligence and technology sector, which already comprises ecosystems in both Europe and Asia.  Gleeson, who will start his new role at the end of August, joins the firm from AXA Investment Managers, where worked for over 17 years, most recently as a lead portfolio manager of its Global Technology fund. AllianzGI appoints BlackRock's Krautzberger as global fixed income CIO In addition, he has been the lead portfolio manager for AXA's Digital Economy fund since its launch in 2017,...

Joe Pak, Ravin Seeneevassen and Jack Norris, members of the firm's macro unconstrained fixed income team, will depart this summer.  The trio co-managed the £2.7m Allianz Fixed Income Macro fund, which is set to close due to low assets under management. The SICAV version of the strategy closed on Friday (19 July), while the OEIC will close in September. Allianz GIobal Investors star bond manager Mike Riddell exits to join Fidelity Until its closure, the Fixed Income Macro OEIC will be run by members of the global markets team, led by core fixed income CIO Julian Le Beron, who have a...

Euro Cup 2024 as this time around, both teams' rivalry and intensity will simply be unmatched in this semifinal clash. Spain scored two goals against Germany and won, though their opponents gave them a real hard time after scoring an equalizer in the last leg of the game. However, France was not so lucky as to close the quarterfinals chapter within the 90 minutes and had to proceed to the penalties to ultimately claim victory of Portugal, a very dangerous team, owing to players like Cristiano Ronaldo and Pepe. France ensured that Ronaldo's journey at the Euros was officially over, as according to a previous ET report, the footballing icon will not play in further Euro championships.

Summer is the season of road trips.

The portfolio manager joined Fidelity as a graduate, spending over eight years in fixed income quant research before being promoted to portfolio manager, a role he has held for nine and a half years. It is not clear, however, as to where Ferrarese will move to next. His exit follows the appointment of Allianz Global Investors' Mike Riddell, who will assume responsibility as the lead portfolio manager for Fidelity's strategic and total return bond strategies. Allianz GIobal Investors star bond manager Mike Riddell exits to join Fidelity After joining in August this year, Riddell wil...

With the economy appearing to be less worrying, more Americans say they are more comfortable investing than they were a year ago but want to ensure they have the right advice on finances.

The move to drop the funds came on the back of a review launched by TILLIT's investment committee, which was automatically triggered after the manager departure announcements. AXA Framlington Biotech fund was the first fund removed, after fund manager Linden Thomson moved to Candriam in February. This was followed by JO Hambro UK Dynamic, which lost its spot after manager Alex Savvides was hired by Jupiter to manage the firm's UK Special Situations fund. The third fund removed was Allianz Strategic Bond fund, which sees Mike Riddell set to leave the company in July to run Fidelity's S...

Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic, and which according to prosecutors caused $7 billion of investor losses.

Even as the notion of phased retirement has become a norm, more people than ever are saying that they don’t plan to work past the age of 62.

IDFC First Bank Ltd. on Thursday said its board approved a proposal to raise ₹3,200 crore through a preferential allotment of shares.

coverage during the grace period if the premium of the health insurance is paid in instalments — monthly, quarterly, half-yearly, or annually. Policyholders of the insurance companies usually get a grace period to pay their health insurance premiums. The grace period for a health insurance plan is the extra time that you get to pay the premium if you have missed the policy renewal due date. Typically, most health insurance plans offer a grace period. What was the rule earlier? What is the new rule and how is it going to impact health insurance policyholders? Read here to find out Earlier, the insurance companies used to offer grace periods based on the type of policy you bought, says Parthanil Ghosh, Director & Chief Business Officer, HDFC ERGO General Insurance. Some insurers offer a grace period of 15 days while others offer 30 days for health insurance policies. So, the grace period in a health insurance plan used to vary from one insurer to another. The insurance companies typically do not offer any policy coverage during the grace period in health insurance policies.

«After eight years at Sarasin & Partners in several senior roles, Jerry Thomas has decided to move on to pursue challenges outside the business. He leaves with our best wishes for the future,» a spokesperson said.  He currently co-manages the Sarasin Responsible Global Equity, Thematic Global Equity, Global Dividend, IE Global Equity Opportunities and JSS Sustainable Equity — Global Thematic funds. Sarasin & Partners names head of investment strategy in leadership team shake-up Thomas joined the firm in 2016 from Allianz Global Investors, where he spent 12 years as a UK, European a...

Riddell is lead portfolio manager of the £1.2bn Gilt Yield, £140m Index-Linked Gilt and £18m UK Government Bond strategies, and co-lead manager of the firm's flagship £924m Strategic Bond fund.  A spokesperson for AllianzGI said Riddell will be leaving the firm to pursue an opportunity outside of the company in July. From June, his strategies will be managed by the global markets team, led by core fixed income CIO Julian Le Beron, to whom he reported.  Allianz GI global equity growth CIO to exit alongside four portfolio managers In a statement, the asset manager said that adopting ...

If there’s one thing adults in the US are more afraid of than dying, it’s outliving their money.

MacroMavens President Stephanie Pomboy provides her expectations for the economy, the impact of inflation on the consumer and the 4Q GDP read.

AlTi Global, a global wealth and alternatives manager, announced that it is acquiring independent advisory firm East End Advisors, which manages approximately $5.6 billion in assets for UHNW families and foundations.