Payden & Rygel

Payden & Rygel Investment Management (Payden), headquartered in Los Angeles, is an independent global investment manager. It was founded in 1983 and is privately owned by 22 senior executives including CEO Joan Payden.

The cornerstone of Payden’s investment philosophy is that active management of fixed income investments should focus on managing risk consistent with the spirit of the investment guidelines – Payden believes in providing its clients with no surprises.

The development of Payden’s strategy began with a simple client request to manage a portfolio, unconstrained by traditional benchmarks, which would produce a reasonable level of return and protect their investment principal. With that objective in mind, the Payden Absolute Return Investing (PARI) approach was developed and has been refined over more than seven years.

The PARI strategy aims to produce stable returns over time, regardless of how the overall market performs. The objective of the Payden Global Income Opportunities Fund is to provide a return +2.5% above the Bloomberg AusBond Bank Bill Index over time.

Payden & Rygel at a glance

  • Fully owned by 22 senior executives active in day-to-day management of the firm
  • A broad offering of investment strategies and products, including equity and fixed income portfolios
  • Has an international presence, with over 350 client relationships worldwide
  • A$162.9 billion in assets under management for clients around the world (at 30 June 2019)
  • Approximately A$16.1 billion PARI assets (at 30 June 2019).

Latest News & Insights

Lonsec upgrades Man Group’s fund

Lonsec has upgraded the rating for the Man Group’s AHL Alpha fund to ‘recommended’ after two years of read more

CPD: Circumventing ‘flat earth’ market thinking

GSFM recently hosted fixed income specialists Payden & Rygel, who addressed advisers around the country. The read more

Ethics – Protecting your most valuable assets

GSFM is proud to sponsor the Ethics Series, a number of CPD-accredited Ethics articles spanning a read more

© GSFM 2019