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.
Bill Priest, Epoch’s CEO and co-CIO, shares his views on the ongoing trade war between the read more
While the merits of short selling – and its impact on markets – will always be read more
As the recent round of lacklustre bank results highlight headwinds confronting the Australian economy, the challenge read more