2.2 Billion US dollar Asset Manager Pimco wants to act cryptocurrencies, says Cio-Finance
2.2 Billion US dollar Asset Manager Pimco wants to act cryptocurrencies, says Cio-Finance
PIMCO, a asset manager with a managed assets of $ 2.2 trillion, wants to start trading in cryptocurrencies. "We act from a relative value perspective," said Chief Investment Officer of the company. PIMCO customers include central banks, state funds, public and private pension funds, financial and non -financial companies, foundations and foundations.
pimco gets into crypto
The Chief Investment Officer of Pimco, Daniel Ivascyn, said CNBC in an interview on Wednesday that his company intended to trade digital assets, and found that some of his hedge fund portfolios are already investing in crypto-bound securities.
PIMCO, an asset management subsidiary of the Allianz Group, is a worldwide leading provider of fixed-income securities. As of June 30th, PIMCO managed a fortune of $ 2.2 trillion. His customers include central banks, state funds, public and private pension funds, financial and non -financial companies, foundations and foundations, financial advisors, family offices and private investors.
ivascyn said:
Now we are examining whether we may act certain cryptocurrencies as part of our trend sequence strategies or quantity -oriented strategies and then work more on the fundamental side.
"This will be a step -by -step process in which we spend a lot of time with internal care to speak to investors. And we will take small steps in an area that grows quickly," he added.
His comments came when the Bitcoin Prize on Wednesday after the introduction of the first US bitcoin futures-exchange-road fund (ETF) reached an all-time high.
ivascyn also announced that some of Pimco's hedge fund portfolios are already trading crypto-bound securities. The CIO explained:
We act from a relative value perspective. So we do not enter into a directorate, but try to take advantage of the misalignment between the cash product, the trust of the population, which is traded on the stock exchange, and to take advantage of the futures. So that was a starting point for us in a very narrow segment of our business.
he continued to comment on decentralized financing (defi). "You have to understand decentralized finances because you will be disruptive and can very well disrupt our industry, especially in our business," he said.
According to the manager, Pimco is considering scenarios in which this could make us ensure that we are prepared for a rapidly changing environment, especially for younger generations or the new generation of the investment community. ”
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