Italy’s Priamo Pension Fund has awarded a €200m global bond mandate to Payden & Rygel, following a public tender.
The pension fund is the Italian National Pension Fund for the employees of public transportation.
Payden & Rygel head of business development for continental Europe, Nicolò Piotti, said the fund is one of the most important pension funds in Italy. He addded that the personalised investment solution is specifically aimed at achieving the investment objectives of its members.
“This appointment has increased the number of institutional mandates managed by Payden & Rygel for Italian clients to fourteen,” Piotti said.
In addition, Payden & Rygel president and CEO, Joan Payden, said: "We are proud to have been appointed by Priamo to manage this mandate. Payden’s expertise in managing global fixed income portfolios, and our ability to offer tailored investment solutions that meet the specific needs of institutional entities, including broad diversification, liquidity, and ESG factors made an important contribution to our selection.”
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