September 25, 2016 6:44 AM ET

Capital Markets

Company Overview of Allianz Global Investors Fund Management LLC

Company Overview

Allianz Global Investors Fund Management LLC is a privately owned investment manager. The firm primarily provides its services to investment companies. It launches and manages equity, fixed income, and balanced mutual funds for its clients. The firm invests in equity and fixed income markets across the globe. It was formerly known as PA Fund Management LLC. The firm is based in New York City. Allianz Global Investors Fund Management LLC operates as a subsidiary of Allianz Asset Management of America L.P.

1633 Broadway

41st Floor

New York, NY 10019-7585

United States

Phone:

212-739-3000

Fax:

212-739-3948

Key Executives for Allianz Global Investors Fund Management LLC

Managing Director, Chief Executive Officer, and Member of Management Board
Age: 57
Chief Financial Officer
Age: 61
Chief Legal Officer
Age: 48
Portfolio Manager, Investment Analyst, and Vice President
Portfolio Manager and Vice President
Compensation as of Fiscal Year 2016.

Allianz Global Investors Fund Management LLC Key Developments

Participants Sue Allianz Asset Management of America, L.P. Allianz Global Investors Fund Management LLC, Pacific Investment Management Company LLC, Allianz Global Investors U.S. LLC, and NFJ Investment Group LLC

A lawsuit filed by two participants in an Allianz retirement plan claims the company and its asset management partners, including PIMCO, misused employees 401(k) plan assets for their own financial benefit. Plaintiffs level a host of complaints against two sets of defendants overseeing the Allianz Asset Management 401 (k) plan, suggesting the 'total plan cost of 0.77% is outrageously high for a defined contribution plan with over $500 million in assets'. Named in the complaint are Allianz Asset Management of America (both AAM-LP and AAM-LLC), as well as 'the Committee of the Allianz Asset Management of America, L.P. 401(k) Savings and Retirement Plan [Chief Operating Officer and Managing Director of AAM] John Maney and John Does 1 to 30, who improperly managed Plan assets for the benefit of themselves and their affiliates instead of the Plan and its participants. Several participating employers are also named in the complaint. These include: AAM-LP and AAM-LLC (collectively, 'AAM'), Allianz Global Investors Fund Management LLC, Pacific Investment Management Company LLC (PIMCO), Allianz Global Investors U.S. LLC, and NFJ Investment Group LLC, who improperly received plan assets as profits at the expense of the Plan and its participants. Lead plaintiffs Aleksandr Urakhchin and Nathan Marfice filed their claim in the U.S. District Court for the Central District of California, seeking an order for Allianz and company 'to remedy breaches of fiduciary duties and unlawful self-dealing'. Plaintiffs seek to recover the financial losses suffered by the plan through improper fees and self-dealing, and to obtain injunctive and other equitable relief from the defendants, as provided by ERISA. Case documents show Urakchin and Marfice accuse defendants of the plan as an opportunity to promote the Allianz Family's mutual fund business and maximize profits at the expense of the Plan and its participants'. The accusations go beyond lax oversight commonly alleged in ERISA cases and suggest proactive self-dealing by defendants.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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