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Allianz faces SEC information request for its Structured Alpha funds

FILE PHOTO: Flags with the logo of Allianz SE, Europe's biggest insurer, are pictured before the company's annual shareholders' meeting in Munich

FRANKFURT (Reuters) - Allianz <ALVG.DE> said on Wednesday that it was fielding a request for information from the U.S. Securities and Exchange Commission over a series of funds that suffered sharp losses amid the coronavirus-led market meltdown earlier this year and are the subject of an investor lawsuit.

The funds in question are Allianz's "Structured Alpha" hedge funds managed by Allianz Global Investors. Allianz made the disclosure in its earnings report.

In July, the Arkansas Teacher Retirement System filed a lawsuit in a Manhattan court to recover losses of least $774 million (591.20 million pounds) in the first quarter of 2020 for the funds.

Allianz said the case was "legally and factually flawed", but that it expects that other investor suits may emerge.

Allianz said it was fully cooperating with SEC's request for information about the Structured Alpha funds.

(Reporting by Tom Sims and Alexander Huebner, editing by Thomas Seythal)