Bank Lombard Odier selected Payden & Rygel to manage a new hard currency emerging market debt fund, which launched 31 May and has been put on the Lombard Odier PrivilEdge platform as the PrivilEdge Payden EM Debt fund.
Open for discretionary portfolios, the fund is authorised for distribution to LO’s advisory clients across Europe.
Payden & Rygel is a privately owned global investment adviser with some $120bn under management. Its clients include central banks, pension funds, sovereign wealth funds, insurers, foundations, corporations and endowments.
Joan Payden, president and CEO of Payden & Rygel, suggested the deal with LO was one that would develop into a longer relationship “in the years to come”.
Additionally, Nicoló Piotti, managing director, Institutional Clients, at Payden & Rygel Global Ltd, Italian Branch, pointed out that being added to the PrivilEdge platform would support the objective the US manager has “to make the international market aware of the range and strength of our investment skills and experience.”