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 30 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 30 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$175.7 billion in assets under management for clients around the world (at 30 September 2019)
  • Approximately A$17.7 billion PARI assets (at 30 September 2019).

Latest News & Insights

Waning government bonds give rise to alternatives

Writing for Investor Daily, GSFM’s Stephen Miller comments: When Future Fund chief executive, Raphael Arndt, talks read more

CPD: Global small caps – now is the time

Many investors and advisers recognise that a diversified portfolio should include an allocation to equities across read more

Buy Australian for the next recovery phase

After a tumultuous 2020, the world is (slowly) beginning to recover. With two successful vaccines announced, read more

© GSFM 2020