logo
Pimco's Stracke Sees Asset-Based Finance as Key Area of Growth

Pimco's Stracke Sees Asset-Based Finance as Key Area of Growth

Bloomberg29-05-2025

Pacific Investment Management Co. is building out its investments in asset-based finance to meet client demands to diversify away from more traditional areas of private credit.
'That's an area that's really picking up speed in terms of the availability of finance outside of banks,' Christian Stracke, president and global head of credit research at Pimco, said in an interview on Bloomberg TV.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

New survey highlights how essential public transit is in Stanislaus County
New survey highlights how essential public transit is in Stanislaus County

CBS News

time27 minutes ago

  • CBS News

New survey highlights how essential public transit is in Stanislaus County

A new survey from the Stanislaus Regional Transit Authority shows just how essential public transportation is for many local residents. According to the agency's fixed-route rider survey, more than 70% of passengers use the bus system at least three days a week. Two-thirds of riders report using the bus to get to work or medical appointments. The survey also highlights the financial challenges many riders face. More than half of those surveyed said they make less than $15,000 a year, while a majority report incomes under $25,000. Roughly a third are unemployed, while others are students, part-time employees, or retirees. "These are core functions. They're not just going to a ball game or running to McDonald's," said StanRTA's Angela Swanson. "These are people who are relying on the bus to stay engaged in their community and lead fruitful lives." The transit agency says data from the survey will help guide future planning and service decisions. StanRTA recently purchased three hydrogen-powered buses and is seeking additional federal funding to expand its fleet. The new buses are expected to arrive within the next year.

Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring
Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring

Bloomberg

time27 minutes ago

  • Bloomberg

Taiwan Life Insurers' $700 Billion Bet on the US Is Backfiring

For decades, Taiwan's life insurance companies boasted of above-average returns from their heavy investment in US bonds. That reliance is now a major risk threatening more than $700 billion of assets. Unlike insurers in other countries like Japan where diversification is the norm, Taiwanese firms have more than 90% of their overseas assets denominated in the dollar. This puts them at risk of a long-term decline in the US currency as the appeal of American exceptionalism wanes.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store