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 Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 5 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 8 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 11 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 15 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 17 days ago

    • You need to login to comment.