Payden Limited Maturity Fund Turns 30
A press release entitled, "Payden & Rygel Celebrates 30 Years of the Limited Maturity Fund (PYLMX) Amidst Four Decades of Investment Excellence" states, "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." It quotes Mary Beth Syal, Managing Director, Senior Portfolio Manager at Payden & Rygel, "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. 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." The release adds, "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."
