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PIMCO tells OHA trustees TacOps’ flexibility can help in a volatile market
Summary
PIMCO briefed the Office of Hawaiian Affairs trustees on geopolitical, AI and credit risks and described how its Tactical Opportunities fund’s mixed public/private credit approach positions it to take advantage of market dislocations.
Kevin Gray of Pacific Investment Management Company (PIMCO) told the Office of Hawaiian Affairs Committee on Investments and Land Management on April 1 that PIMCO manages about $2.2 trillion in assets and that the firm’s recent cyclical forum identified geopolitical shocks, AI disruptions and credit pressures as key near‑term themes.
Bill Murphy, also from PIMCO, said the war in Iran is the dominant geopolitical shock and could push oil prices higher, creating stagflation risks for policymakers. Murphy listed three topics the firm is monitoring: the geopolitical shock,…
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