Allianz Global Investors hires infrastructure debt team

Allianz Global Investors has hired a specialist infrastructure debt team to establish an investment grade debt platform.

The group said investors with long-duration liabilities are showing increased demand for investments offering better returns than government bonds, especially as some areas of the market, such as US treasuries, are now offering low to negative real returns. "For investment managers to effectively fill the funding gap created by the retreat of banks from this area of investment, it is critical to have deep expertise in the field of infrastructure debt and the risk profiles of different projects," said Andreas Utermann, global CIO of AllianzGI (pictured). The team will be led by Deborah...