> Indian Insurance: Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse

Monday, December 9, 2024

Ex-Allianz Fund Manager Avoids Jail Over $3 Billion Collapse

A former Allianz SE hedge-fund manager avoided prison and will instead spend 18 months in home confinement for fraudulently inflating the value of funds that ultimately collapsed, resulting in $3.2 billion in investor losses. Gregoire Tournant, the former chief investment …

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