Allianz Global Investors, the fund management arm of the German insurer, is shortly to announce a US buyer for Cadence Capital Management, its Boston-based subsidiary.

Dr Joachim Faber, chief executive of Allianz Global Investors, told Financial News the group was in the final stages of closing the sale of the institutional fund manager to an unnamed US buyer.

Jason Corcoran

Allianz

Corporate/Industrial News

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