Pimco eyes big data deals to get an edge on rates

The world’s biggest bond manager Pimco is turning to off-market sources, such as online job ads, to help it better predict inflation and interest-rate moves – the latest step in fund managers’ quest for big data insights.

The US firm, which oversees some $1.7tn in assets, already relies on extensive data sets covering around 100 million mortgages and 400 million property transactions, but it is now looking to other sources of information to improve its macro calls. “We’re looking at additional data to better track the labour market and inflation, especially data sets that have long time history,” said Emmanuel Sharef, a portfolio manager at Pimco.

Author: David Ricketts

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s