Allianz GI closes Liquid Alts strategy
Following a strong increase on inflows into the Allianz Structured Alpha fund, the group now announced that the fund is no longer open to new investments as of 8 November.
As a mutual fund aimed at return oriented investors, the Allianz Structured Alpha fund is currently close to reach its capacity limit of $7bn (€6.4bn).
Lead portfolio manager Greg Tournant explains: “We are of course delighted by the overwhelming demand for our strategy over the past couple of years. But it will be in the best interest of those who have already chosen to invest with us to take this measure.”
The news does not come unexpected, in September, Allianz GI announced the expansion of its Liquid Alternatives offering with the launch of the Allianz Structured Return fund, in a bid to counteract growing demand for the existing strategy. The group also refers investors to the existing Structured Alpha 250 strategy.