ICYMI – Pimco to gradually invest and trade more in cryptocurrencies

ICYMI – Pimco to gradually invest and trade more in cryptocurrencies

PIMCO’s chief investment officer spoke in a CNBC interview. 

  • “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”
  • “So this will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing.”

Pacific Investment Management Company (PIMCO) is a US firm that manages circa US$1.9 trillion in assets

BTC has been on a rip:

PIMCO's chief investment officer spoke in a CNBC interview. 

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