343
130 shares, 343 points

The $2.21 trillion investment manager, Pimco, started exploring crypto. According to CIO Daniel Ivascyn, Pimco will gradually make the cryptocurrency instrument a part of their investment strategy. Detail Cryptocoin. com

at .

Cryptocurrency investment

According to a report by CNBC, global investment management firm Pimco plans to start investing in crypto. During CNBC’s Delivering Alpha conference, Pimco chief investment officer Daniel Ivascyn said that the $2.21 trillion investment management firm is looking to gradually integrate crypto into its business: “Now, we’re looking to introduce certain cryptocurrencies as part of our trend-following strategies or quantity-driven strategies. We potentially handle the transaction of currencies, then do more work on the fundamental side. Several hedge fund portfolios of the fixed-income giant have already turned to investment in crypto-backed securities.

Ivascyn claims that decentralized finance is a disruptive force that could threaten Pimco’s business. Therefore, leading asset managers have to adapt to the new environment. In December, Pimco’s market strategist Tony Crescenzi said that Bitcoin is not money.


Like it? Share with your friends!

343
130 shares, 343 points

What's Your Reaction?

hate hate
1226
hate
confused confused
736
confused
fail fail
368
fail
fun fun
245
fun
geeky geeky
122
geeky
love love
981
love
lol lol
1104
lol
omg omg
736
omg
win win
368
win
Michael Lewis

Emperor

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format