Since 1998, our joint venture Metzler/Payden has brought together two independent partners. Founded in 1983, Payden & Rygel is one of the largest independent investment managers in the United States, with approximately USD 164 billion in assets under management as of June 30, 2026. Both firms retain their independence, ensuring neutral, client-focused advice.
Together with Payden & Rygel, we provide access to globally diversified fixed-income strategies – grounded in research and supported by active risk management.
A cross-sector portfolio of government, corporate, securitized, and emerging-market bonds. Target: 2–3 percentage points of excess return over EURIBOR. We deliberately use low correlations and focus our risk management on limiting downside risk.
Let’s talk about how international fixed-income strategies could complement your portfolio.
Payden & Rygel Update 2025
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