Pimco slashes short dollar forwards at year-end
Counterparty Radar: EUR/USD cuts drive $86.5 billion reduction
Pimco scaled back around $86.5 billion in notional from its group-of-10 (G10) currency forwards hedging book at the end of 2025, mostly by winding down its short US dollar positions.
The California-based asset manager reported a 53% drop in G10 notionals – from $163.8 billion in the third quarter to $77.3 billion in the fourth – according to data collected by Risk.net’s Counterparty Radar service
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