Payden & Rygel Celebrates 30 Years of the Limited Maturity Fund (PYLMX) Amidst Four Decades of Investment Excellence
29 April 2024 - 1:30PM
Business Wire
Payden & Rygel is proud to announce the 30-year anniversary
of its Limited Maturity Fund (PYLMX). This milestone coincides with
the firm's celebration of four decades as a global investment
adviser.
Over the years, Payden & Rygel has cemented its reputation
as a leader in short-duration strategies and one of the largest
privately-owned active managers of fixed income and equity
portfolios. The short duration strategy team has worked together
for 15 years and currently oversees $70 billion in assets across
mutual fund vehicles and highly customizable separately managed
accounts.
“Employing a strategic blend of top-down macroeconomic analysis
and bottom-up security selection, the team aims to capture macro
themes and opportunities, ensuring adaptability to evolving market
conditions,” said Mary Beth Syal, Managing Director, Senior
Portfolio Manager at Payden & Rygel. “Our focus has enabled us
access to liquidity during times of market distress, and our
management team's 20+ years of industry experience has been
instrumental in pinpointing market inefficiencies to enhance
risk-adjusted performance.”
In light of the latest round of money market fund reforms, PYLMX
and Payden’s tailored short duration solutions present a compelling
opportunity for investors seeking a less restrictive,
liquidity-focused fund. As the industry sees a shift with the
largest prime institutional money funds converting to government
money funds to avoid liquidity fees, the Limited Maturity Fund
offers an attractive alternative to the money fund complex for
institutions and investors looking for liquidity and minimal total
return volatility.
About Payden & Rygel
With $161 billion under management, Payden & Rygel is one of
the largest privately-owned global investment advisers and a leader
in the active management of fixed income and equity portfolios.
Advising the world's leading institutions and individual investors,
Payden provides strong performance and real-world strategies on the
global economy and capital markets, including among its clients
Central Banks, Pension Funds, Insurance Companies, Private Banks,
and Foundations. Independent and privately-owned, Payden &
Rygel is headquartered in Los Angeles and has offices in Boston,
London, and Milan.
Past performance does not guarantee future results. Investment
returns and principal value will fluctuate, so investors' shares,
when sold, may be worth more or less than their original cost. For
the most recent month-end performance, which may be higher or lower
than that quoted, visit our website at payden.com or call 800
572-9336.
For more information and to obtain a prospectus or summary
prospectus, visit payden.com or call 800 572-9336. Before
investing, investors should carefully read and consider investment
objectives, risks, charges, expenses and other important
information about the Fund, which is contained in these documents.
The Payden funds are distributed through Payden & Rygel
Distributors, member FINRA.
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