Express

Investment Giant PIMCO Considers Trading Cryptocurrencies

Mary Liu

Summary: Daniel Ivascyn, the Chief Investment Officer of Pacific Investment Management Corporation (PIMCO), told CNBC that some of PIMCO's hedge fund portfolios are already trading crypto-related securities, the company plans to gradually increase its investment in digital assets.  During the interview, Ivascyn said: "Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following ...

Daniel Ivascyn, the Chief Investment Officer of Pacific Investment Management Corporation (PIMCO), told CNBC that some of PIMCO's hedge fund portfolios are already trading crypto-related securities, the company plans to gradually increase its investment in digital assets. 

During the interview, Ivascyn said: "Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side." 

PIMCO, founded by "bond king" Bill Gross,  is one of the world's leading fixed-income investment management companies. As of December 31, 2020, PIMCO's AUM was $2.21 trillion.

By Mary Liu

Last Update:

Tags: ,,
Link: Investment Giant PIMCO Considers Trading Cryptocurrencies   [Copy]
Next:

Related Articles

  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 2 days ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 5 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 9 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 10 days ago

    • You need to login to comment.