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Our Firm

Payden & Rygel stands out as a privately owned, independent investment manager specializing in active fixed income and global strategies since 1983. Our independence supports unbiased decision-making, client-first portfolio construction, and long-term risk-adjusted performance across market cycles.
Its fixed income approach focuses on active bond selection, duration management, and diversified credit exposure to enhance returns.
We primarily serve a broad range of institutional investors—including corporations, insurance companies, foundations, public entities, health systems, high-net-worth individuals and retail investors—seeking customized investment solutions, liability-aware strategies, and globally diversified portfolios.
Risk management is embedded at every stage through duration control, credit stress testing, liquidity modeling, and scenario-based analysis. This ensures portfolios remain resilient, transparent, and aligned with client risk tolerances, even in volatile markets.
With offices in Los Angeles, London, Boston, and Milan, plus clients across Europe, the Middle East, Asia and the U.S., our global footprint provides real-time perspective on international markets, enhancing diversification and opportunity sourcing.
We offer a full suite of strategies—Fixed Income, Equity, Balanced, and Unconstrained mandates—designed to meet objectives ranging from capital preservation and liquidity to growth, diversification, and total return.
Payden & Rygel tailors solutions by integrating client objectives, funding requirements, liability profiles, and regulatory constraints (e.g., Solvency II, NAIC). This ensures every strategy is precisely aligned with institutional goals and objectives.
Research is central to our approach. Our teams evaluate economic indicators, credit fundamentals, geopolitical trends, and market structure, enabling data-driven insights that support forward-looking, evidence-based investment decisions.
Payden & Rygel enables global diversification covering the U.S., UK, Europe, Asia, and the Middle East. Our regional investment teams manage portfolios collaboratively, guided by local insight and global research. Through our London-based subsidiary and Dublin-domiciled UCITS funds—along with the expertise added by Metzler/Payden LLC—we deliver comprehensive global fixed income and equity solutions for diversified portfolios.
As a firm with 40+ years of tenure, hundreds of long-standing client relationships, and a stable leadership team, Payden & Rygel delivers continuity, institutional memory, and long-term strategic alignment across generations of market environments.
Our flexible, multi-asset capabilities and active macro perspective help clients navigate interest-rate transitions, inflation cycles, credit dislocations, and geopolitical shifts, ensuring portfolios remain adaptive, liquid, and strategically positioned.
We provide continuous market intelligence through weekly insights, economic commentary, research publications, and direct communication with portfolio managers, giving clients clarity, transparency, and education in a constantly evolving market landscape.