Payden & Rygel selected by Byblos Pension Fund to manage global balanced mandate
Payden & Rygel has been selected to manage a global balanced mandate worth €190 million following its participation in the public tender launched by the Byblos Supplementary Pension Fund.
'It is a great honour for us to have been selected by the Byblos Fund, the pension fund for workers in the papers, graphics and editorial industries, and to be able to contribute to the management of the fund with a tailored investment solution designed specifically for the Fund and its members,' commented Sara Labombarda, General Manager of Payden & Rygel Global SIM SpA.
'We are proud to include the Byblos Fund among Payden’s Italian institutional clients, to whom we offer investment services leveraging our excellent international management capabilities,' continued Luca Armandola, Chief of Investment at Payden & Rygel Global SIM SpA.
Joan Payden, founder and CEO of Payden & Rygel, concluded, 'We are particularly proud of our new partnership with the Byblos Fund. We are delighted to be able to offer them our ability to provide broad diversification and exposure to global credit and equity markets, with a specific focus on liquidity dynamics, risk management, and, in line with Payden & Rygel's philosophy, capital preservation.'
