Bill powers pimco biography

Los Angeles, CA, April 08, 2021 (GLOBE NEWSWIRE) -- Arca, an asset management firm focused on investing and innovating in the digital assets space, today announced Bill Powers, Managing Partner of The Strand Partners and former PIMCO executive, has joined as a principal and strategic advisor.

The partnership occurs shortly after Arca’s January announcement that it raised $10M in a Series A round, led by RRE Ventures with additional participation of a coalition of prominent financiers led by Littlebanc Advisors.

“Bill’s vision for the future of investing aligns perfectly with Arca’s aspiration to offer best-in-breed products to investors.

Given his legacy of success at PIMCO, where he helped guide them to a leadership position in the fixed income space, the opportunity to collaborate is truly exciting, ” said Arca CEO Rayne Steinberg. “We know that Bill’s unique expertise will help Arca grow and ener