MUNICH: Union Investment, a major investor in Allianz, blasted the German insurer over its handling of problems at its fund manager Pimco, saying the fund’s poor performance was denting the Allianz share price.
Pimco has been losing billions of dollars in outflows from its flagship bond fund the world’s largest and concerns have been accentuated by a high profile falling out between Pimco founder Bill Gross and his presumed successor Mohamed El Erian, who quit the firm this year.
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