Italy’s Arco Pension Fund has renewed Payden & Rygel’s investment mandate for its Balanced Prudent Line.
The fund comprises 70 per cent fixed income and 30 per cent equities, with a total value of €160 million.
Commenting on the renewal, Payden Global chief executive officer, Antonella Manganelli, said: “We are very pleased to have once again been selected by the Arco Pension Fund and to continue supporting it in the management of the portfolio, offering tailored investment solutions designed to meet the needs of the fund and its members”.
Payden & Rygel founder and CEO, Joan Payden, added: “Our collaboration with the fund is a source of great pride, as it confirms the quality of the work we have delivered and the investment approach we have adopted.
“We are pleased to continue providing the fund with our expertise in building diversified portfolios with exposure to global markets, while maintaining a strong focus on liquidity management, risk control and, in line with Payden & Rygel’s philosophy, capital preservation.”
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