Allianz to increase exposure to private equity

German insurance giant Allianz has announced plans to further increase its exposure to private equity in a move to diversify risk and secure solid returns on investment. Over the past few years, Allianz has already invested more capital in the asset class, while reducing its exposure to shares. Allianz board member Paul Achleitner said: 'We are making considerable use of alternative asset classes to optimise our portfolio and our returns. Parallel to our reducing the proportion of shares in our portfolio, we have increased the amount we invest in private equity, and will continue to do so’. He adds: 'Nevertheless, our portfolio still contains a far smaller proportion of private equity than is typical in US and British portfolios'. Allianz is one of the largest private equity investors in Germany. Currently it has about 1% of its assets invested in private equity through direct and fund investments with a total value of around E3.5bn.

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