Eden Simmer has left her role as head of global equity trading at PIMCO to found UpLevel Impact Ventures, The TRADE has learnt.
According to an internal memo seen by The TRADE, Dan Ivascyn, group chief investment officer, shared that prior to departing, Simmer “worked closely with leadership, the equity trading team and key portfolio management stakeholders to ensure a thoughtful transition of her responsibilities”.
New York-based Simmer joined PIMCO in 2010 and had been head of global equity trading since 2019, and before that head of Americas equity trading.
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Prior to joining PIMCO Simmer traded equities, foreign exchange, and preferred securities for Deutsche Bank Asset Management, and before that worked as an FX trading associate at ABN AMRO.
Her new venture – UpLevel Impact Fund – backs companies which are leveraging advanced tech, including AI, with the aim of facilitating women reclaiming time to achieve more. The fund is set to provide strategic capital and hands-on support to support incumbent ideas in the space.
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Simmer launched UpLevel “to ensure women are not just participants in the AI revolution, but the founders and investors who define it,” according to the new venture’s website.