Swiss private bank Lombard Odier has selected US investment advisor Payden & Rygel to manage a new emerging markets debt fund.
The hard currency PrivilEdge Payden Emerging Markets Debt Fund launched on May 31 on the Lombard Odier PrivilEdge fund platform.
The fund is open for investment by Lombard Odier’s discretionary portfolios and is authorised for distribution to the bank’s advisory clients throughout Europe.
Joan Payden, chief executive and president of Payden & Rygel, said: “The management of emerging market debt is one of Payden’s key capabilities and we are proud that our work in this competitive investment arena has been recognized by one of Europe’s largest and most distinguished private banks.”
Headquartered in Los Angeles, Payden & Rygel has some $120 billion (€102 billion) in assets under management and has offices in London, Boston and Milan.
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