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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.

Source: fnlondon.com
Author: David Ricketts

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