The goal was to offer a variable annuity that strikes a balance between simplicity and choice, Matt Gray, vice-president of product innovation at Allianz Life, told SRP. Blue Cross Blue Shield began investing in Allianz's Structured Alpha products in 2011 at the direction of its consultant Aon, according to the lawsuit. Structured Products Team 25 Average Years of Industry Experience New York, New York. Two of his colleagues have worked with him since the group's founding. Product and feature availability may vary by broker/dealer. The two funds, Allianz Structured Alpha 1000 LLC and Allianz Structured Alpha 1000 plus, were net buyers of puts and took significant losses in recent weeks on options trades. ... Allianz Global Investors Distributors LLC is a broker-dealer registered with the SEC and member of FINRA. The Allianz Structured Alpha 1000 plus seeks to generate returns of 10% to 14% annually, net of fees, on top of the 90-day Treasury bill. Since its inception in 2005, the funds in the AllianzGI Structured Alpha Portfolio (the âPortfolioâ) have offered investors access to structured products that seek to generate returns by harvesting premiums from liquid traded options, most significantly on the S&P 500. Products are issued by Allianz Life Insurance Company of North America, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297 and are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. Important Updates About the Allianz Structured Alpha 1000 and Allianz Structured Alpha 1000 Plus UPDATE 3/27/2020: According to a Flash Report , âAonâs Liquid Alternatives research team has downgraded the entire Allianz Structured Alpha product suite to a âSellâ rating â¦. (L40538) This site is only intended to provide information on Allianz Global Investors and the products authorised for marketing in Luxembourg. Products are issued by Allianz Life Insurance Company of North America. Executive summary. The information presented on this site does not constitute an offer to sell or subscribe to a financial instrument. Variable annuities are distributed by its affiliate, Allianz Life Financial Services, LLC, member FINRA, 5701 Golden Hills Drive, Minneapolis, MN 55416-1297. The regulator asked Allianz for information related to its Structured Alpha products, which incurred serious-to-fatal losses in March, the firm disclosed in its 2020 interim report. Lead manager Greg Tournant joined Allianz in 2002 and started the structured products group in 2005. The Structured Products nine-member investment team is tenured and experienced, managing options-based strategies for institutional investors since 2005. Mr. Tournant is a lead portfolio manager, a managing director and CIO US Structured Products with Allianz Global Investors, which he joined in 2002.