2.2 T $ asset manager Pimco begins with the trade in cryptocurrencies, said Cio
2.2 T $ asset manager Pimco begins with the trade in cryptocurrencies, said Cio
PIMCO - a global investment management company - recently confirmed that it is slowly increasing its commitment to cryptocurrencies. Chief Investment Officer Daniel Ivascyn said that some of the company's hedge funds are already acting with crypto-bound securities. He even predicted that digital assets could eventually disrupt the entire financial system.
pimco experimented with crypto
The cio reveals Pimcos crypto exposure in a recent interview with CNBC. He said that the company may start trading with crypto as part of its "trend sequence" and "quantity-oriented" strategies before it does more "fundamental" work in this area.
The company's investment strategy will initially be a gradual process. The company has spent a lot of time talking to investors about digital assets and will continue to do so. It plans to take "baby steps" when it penetrates the "rapidly growing" area of cryptocurrency.
PIMCO is a massive international investment company that focuses on asset management of fixed -interest plants. In December 2020, the company managed a fortune of $ 2.21 trillion. Only investing percentage of its portfolios in Bitcoin or other digital assets could have a significant impact on the cryptocurrency market.
ivascyn explained some of the current crypto trade strategies in PIMCO's hedge fund portfolios:
"We act from a relative value perspective. So we do not enter into a management, but try to take advantage of the miscalculation between the cash product, the trust of the population, which is traded on the stock exchange.
the CIO described Defi as something that will be "very disruptive" in the financial industry in the future. At least he intends to prepare the company to deal with cryptocurrencies when his predictions meet to ensure that Pimco retains its competitive advantage.
Daniel Ivascyn. Bloomberg
institutions plunge to Bitcoin
Great financial institutions have recently dealt with Bitcoin at alarming speed. At the beginning of this week, Paul Tudor Jones that Bitcoin specified one “Einen percentage” of the portfolio of his hedge fund. He even prefers Bitcoin as an inflation protection against gold, da Start of a Bitcoin futures ETF should help to continue this trend. The fund has already generated a trading volume of over $ 1 billion after two days of activity on the NYSE.
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