Asset Manager Pimco to Extend Crypto Involvement: Report

Posted on by American Coins & Gold

Asset Manager Pimco to Extend Crypto Involvement: Report
Investment behemoth Pimco, which has over $2.2 trillion in assets under management, has dabbled in cryptocurrencies and plans to invest further, according to Chief Investment Officer Daniel Ivascyn.Ivascyn told CNBC on Wednesday that some of the fixed-income focused firm’s hedge-fund portfolios are already trading crypto-linked securities, which he described as a “starting point.”“We’re trading from a relative value perspective. So we’re not taking directional exposure, but we’re looking to take advantage of mispricings between the cash product, popular trust that trades on the exchange, and then the futures.”Ivascyn said Pimco is exploring potentially trading crypto, but stressed that it will…