Allianz SE has fired two asset managers who oversaw a group of investment funds that allegedly cost shareholders billions of dollars in losses and prompted investigations by US regulators.
Greg Tournant and Stephen Bond-Nelson, who managed the Florida-based Structured Alpha hedge funds for Allianz Global Investors, were dismissed in December, according to regulatory filings obtained by Bloomberg. Another manager involved in running the funds, Trevor Taylor, also left at the same time, an insider told the news outlet.
The departures follow that of the insurance giant’s top asset-management executive, Jackie Hunt, who stepped down from
