Pimco nearly halves FX forwards book in Q4
Counterparty Radar: West Coast manager’s 45% cuts send Morgan Stanley to fifth place in dealer rankings
Pimco reduced the size of its foreign exchange forwards positions by nearly half during the fourth quarter of 2022, resulting in Morgan Stanley being ousted from top spot in the rankings for FX forwards dealers.
The California-based asset manager slashed the amount of FX forwards on its books by 45% from $177.1 billion in Q3 to $97 billion in Q4, according to US mutual funds disclosures collected and analysed by FX Markets’ Counterparty Radar service. The filings are a snapshot of positions
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