Pacific Investment Management Co news and trends

Blackrock, Pimco Tapped By Fed To Help Invest Relief Funds

May 10, 2020
federal reserve, central bank, BlackRock, Pacific Investment Management Co., bonds, private equity, news
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Blackrock, Pimco Tapped By Fed To Help Invest Relief Funds

May 10, 2020
The Federal Reserve is turning to money managers BlackRock and Pacific Investment Management Co. (Pimco) to help it handle bond investments and the purchase of companies’ short-term borrowings, according to a Wall Street Journal (WSJ) report. The money management companies could be responsible for investing billions of central bank money. The two firms are tasked […]