Virtus Investment Advisers remains the investment advisor on Virtus AllianzGI Global Allocation, but it will require the assignment of a new subadvisor. On May 17, 2022, the SEC announced that Allianz Global Investors U.S. LLC, or AGI US, this strategy's current subadvisor, admitted "to defrauding investors over multiple years, concealing losses and downside risks of a complex strategy, and failing to implement key risk controls" regarding its now-defunct Structured Alpha funds, which were primarily offered to institutional clients though the portfolio management team that also ran U.S. and Luxembourg registered funds. The registered funds were liquidated near the end of 2020.
Will PALLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PALLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the PALLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of PALLX’s parent organization’s priorities and whether they’re in line with investors’ interests.