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Pension funds sue Allianz Global InvestorsBY KARREN VERGARA | TUESDAY, 29 SEP 2020 12:36PM
Several pension funds are suing hedge funds managed by Allianz Global Investors for allegedly engaging in risk-taking behaviour and losing billions of dollars in retirement savings.
Read more: Allianz, Structured Alpha Funds, Allianz Global Investors, ATRS, Arkansas Teacher Retirement System, Bernstein Litowitz Berger, Blue Cross Blue Shield Association, Metropolitan Transportation Authority, Mohamed El-Erian, Reuters, Teamster Members Retirement Plan
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ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation.
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The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023.
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The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense".
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HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business.
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