Allianz Global Investors related stories
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Roundtable: Asia is at a turning pointInsurers, family offices and sector-focused managers all play a significant role in the region’s private equity. But markets are changing, and only the nimblest and most resilient can realise the high return potential.
Asset management giants grow alts businessesThe 500 largest fund managers held $2.5trn of alternative AUM at the end of last year, up 5% from 2015, according to the P&I/Willis Towers Watson global 500.
Political issues are top investor concernWorries over volatile geopolitics, including the tension surrounding North Korea, are making LPs act cautiously.
Norway gas pipeline investors go to top court over tariff cut: ReutersA group of investors in Norway’s gas pipeline network are going to the country’s highest court in a final attempt to overturn a government decision to cut pipeline tariffs that came into effect in 2016, Reuters reported. The government owns 45.8 percent of the Gassled pipeline network via state-owned Petoro, while majority state-owned Statoil has 5 percent. The four investors pursuing the case own a combined 43.9 percent stake. They are in turn owned by Allianz Capital Partners, UBS, the Abu Dhabi Investment Authority, Canada’s Public Sector Pension Investment Board, Canada Pension Plan Investment Board and France’s Caisse des Dépôts. The four have argued the cut in tariffs was unlawful and would cost them a combined 15 billion Norwegian crowns (US$1.8 billion) in lost earnings through 2028.
AllianzGI recruits Mahajan as U.S. investment strategistAllianz Global Investors has named Mona Mahajan as its new U.S. investment strategist. Previously, she worked at MetLife Investments where she served as a portfolio manager and product specialist for the structured finance fixed income strategy.
- Nauto inks $159 mln Series B
Palo Alto, California-based Nauto, a self-driving vehicle tech company, has raised $159 million in Series B funding. SoftBank Group Corp. and Greylock Partners led the round with participation from other investors that included BMW iVentures, General Motors Ventures, Toyota AI Ventures, Playground Global and Draper Nexus.
- GPs must drive dealflow as German valuations soar
Valuations are sky-rocketing across Europe thanks to plenty of capital, and Germany is no exception. In this environment, GPs must relentlessly drive dealflow — because not investing is not an option.
- AllianzGI invests in Nevada solar facility
Allianz Global Investors has invested in Moapa Solar, a Nevada-based solar photovoltaic facility. No financial terms were disclosed. Moapa Solar is owned by Capital Dynamics' Clean Energy and Infrastructure.
- NAB Asset Management taps McBride for new North America director position
NAB Asset Management has appointed Jim McBride as director of institutional sales and consultant relations of North America. McBride will be based in New York. Previously, he was a partner at Cooke & Bieler and before that, a managing director at Allianz Global Investors.
- AllianzGI closes investment in Balko Wind
Allianz Global Investors has invested on behalf of its clients in the Beaver County, Oklahoma-based Balko Wind project. No financial terms were disclosed. KeyBank N.A. served as placement agent. D. E. Shaw Renewable Investments, L.L.C. owns Balko Wind.