Newspaper article International New York Times

Allianz Global Investors to Buy Fixed-Income Firm

Newspaper article International New York Times

Allianz Global Investors to Buy Fixed-Income Firm

Article excerpt

Allianz Global Investors agreed to acquire the London fixed- income firm from Old Mutual and Rogge's management for an undisclosed amount.

The investment manager Allianz Global Investors said on Monday that it had agreed to acquire Rogge Global Partners, a fixed-income firm in London, for an undisclosed amount.

The transaction would strengthen the fixed-income business of Allianz Global Investors, while giving Rogge Global Partners larger distribution of its products. Allianz Global Investors is owned by the Allianz Group, the German insurance giant. In the United States, Allianz owns a majority stake in the Pacific Investment Management Company, or Pimco.

Allianz Global Investors, which is known as AllianzGI, said it would acquire 100 percent of Rogge Global Partners from Old Mutual, the insurance and financial services company, and Rogge's management. …

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