Allianz, Investors Ink Deal In Suit Over $1B Virus Crash Loss

By Lauren Berg (April 27, 2022, 5:47 PM EDT) -- Investors in a hedge fund that lost nearly $1 billion during the coronavirus-induced market crash in 2020 have reached settlements resolving their claims that fund manager Allianz Global Investors took extreme risks that caused the fund to collapse, the parties told a New York federal judge Tuesday....

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