SWITZERLAND - Allianz Group has hired three hedge fund managers from Citigroup in San Francisco to head up its new hedge fund company, Allianz Hedge Fund Partners.
Falling under Allianz’s global equity unit, Allianz Dresdner Asset Management, the hedge fund company will offer fund of funds to institutional investors and will be based in Geneva. Formerly head of the hedge fund investment centre at Citigroup, Madhav Misra will become CIO and a managing partner of Allianz Hedge Fund Partners.
The new company has also appointed Citigroup’s former head of sales Philippe Collot and Johan Ahlstrom, a former senior sales officer, as managing partners.
The three partners will join Allianz at the end of 2001 and will report to Bill Price, head of global equities at Allianz Dresdner Asset Management.
By Janet Du Chenne
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers