[1] AGI became known for one of the biggest fraud cases in which its Structured Alpha fund lost over 6 billion dollars in the 2020 market sell-off.

[2] Tobias C. Pross is chief executive officer (CEO) of Allianz Global Investors, a position he has held since the start of 2020.

[citation needed] Allianz first created a separate asset management business in 1974 under the leadership of board member, Joachim Faber.

[2] On 1 August 2021, the United States Department of Justice began a probe into Allianz Global's Structured Alpha Funds[8][9] with the German Federal Financial Supervisory Authority launching an investigation later in 2021.

[12] In 2022 Allianz pleaded guilty to criminal securities fraud and agreed to pay over 6 billion USD in one of the largest cases so far.