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Allianz doubles down on alternatives after hedge fund blowup

Allianz's new head of asset management plans to push further into alternative asset classes and continue its focus on active fund management, even after the implosion of a hedge fund strategy in the U.S. left the German insurer mired in potentially expensive lawsuits.
Andreas Wimmer, Allianz's new head of asset management, plans to push further into alternative asset classes. | Photo: https://www.allianz.com/
Andreas Wimmer, Allianz's new head of asset management, plans to push further into alternative asset classes. | Photo: https://www.allianz.com/
By Stephan Kahl / BLOOMBERG

Speaking in his first interview in the new role, Andreas Wimmer declined to comment on the legal issues. But in a sign that they haven't dented the firm's appetite for alternatives, he highlighted real estate, infrastructure and private debt as main areas of growth for the owner of Pacific Investment Management Co. (Pimco) and Allianz Global Investors. 

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