The popular asset management company (Pimco) announced that it plans to buy more digital currencies, such as Bitcoin (BTC), as the company seeks to keep pace with developments in the related stock market. Cryptocurrency.
In an interview with CNBC on Wednesday, chief investment officer Daniel Ivaskin confirmed that Pimco already had exposure to crypto-related securities. Through different hedge fund portfolios.
Evaskin said the company plans to gradually increase its exposure to the asset class as part of its trend-following or quantum-oriented strategies.
He said this would be a gradual process, saying we spent a lot of time on the internals side talking to investors. We will take small steps in a rapidly growing field.
Pimco, founded in 1971, is one of the world's largest asset managers focused on active fixed income securities.
The company had total assets under management of $2.2 trillion as of December 31, 2020.
