MƛƦƘЄƬƁƦƖƇƠԼЄƲƦ Profile picture
Army Veteran | Fmr. Federal Regulator (FDIC) | Buy-Side | Credit & Equity | Blerd | Twitch Streamer | Dad Joker
May 18, 2022 22 tweets 9 min read
Ever read an article in Bberg or WSJ about a big fraud and wondered how so many professional investors were fooled?

Well then, this may be the thread for you!

Let's take a look at AllianzGI Structured Alpha in '17 👇🏿
1/n As one might expect, it was presented as a return enhancement. Boy did it work, until it didn't of course. Designed to outperform in all scenarios!

Sidenote: @choffstein & @bennpeifert did y'all ever run into these folks?

2/n