Allianz Global Investors is a fairly risk-averse group and is keen to emphasise that. If the new head of its alternatives unit was given a dollar for every time he said its funds were "low risk, low return", he would have slightly more money than the average event driven fund generated last year.
A stark contrast from the buccaneering hedge fund managers of yesteryear, who placed multi-million dollar bets on breaking the Bank of England, Allianz prides itself on its low-risk approach. One doubts
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