Investors are piling into debt securities again while expecting rates to fall.
“There's not much alpha left in a traditional Treasury,” CEO Oliver Baete said.
Fed policy is leading foreign investors to pull assets from big bond managers.
The Berlin-based broker app raised 250 million euros in its latest funding round.
The agreement calls for the firm to pay $3.2 billion in restitution to victims of the fraud.
In addition to the bond market selloff, Pimco is at risk from the fallout from Russia's invasion of Ukraine.
Allianz, as a result of the one-time charge, posted a 292 million-euro loss for the fourth-quarter.
The Munich-based insurer said it can't put a total price tag on the debacle.
The German insurance company plans to play an active role in asset management consolidation.
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