Overview
Metzler/Payden LLC (“Metzler/Payden”) is an SEC-registered investment adviser that was
founded in 1998. The firm is a Delaware limited liability company with its headquarters
and sole office in Los Angeles, California. It is owned equally by Payden & Rygel, an
SEC-registered investment adviser founded in 1983 that, collectively with all of its
affiliates, has over $151 billion of assets under management, and MP&R Ventures, Inc.,
an affiliate of B. Metzler seel. Sohn & Co. Holding AG (“Metzler”) of Frankfurt, Germany,
a major German financial institution that has over 69.1 billion euro of assets under
management. Metzler/Payden’s primary business is providing fixed income and equity
investment counsel to its clients.
Metzler/Payden has no full-time employees of its own. Instead, employees of Payden &
Rygel and MP&R Ventures, Inc., or their respective affiliates, are made available to
Metzler/Payden pursuant to a Service Agreement to perform various duties or functions
related to Metzler/Payden’s investment management business. In accordance with SEC
regulation and practice, such persons are deemed associated persons of Metzler/Payden.
In
addition, any such non-U.S. affiliates will appoint a U.S. agent for service of process
and will provide the SEC with access to its records and personnel to the extent necessary
for the SEC to monitor and police their conduct in connection with the services provided
by their employees to Metzler/Payden relating to U.S. clients or in U.S. markets. From
time-to-time Payden & Rygel or MP&R Ventures, Inc., or their respective affiliates, may
also assign one or more employees to provide Metzler/Payden with clerical, administrative,
marketing, or other such assistance. All such services are provided to Metzler/Payden
pursuant to the Service Agreement or other written contracts negotiated on arms-length
terms.
In providing its investment management services to its clients, Metzler/Payden tailors its
advisory services to the individual needs of the client based on the investment guidelines
agreed upon with each client. These guidelines may include restrictions on investing in
certain securities or types of securities.
As of December 31, 2023, Metzler/Payden managed $1.366 billion of client assets, all of
which are managed on a discretionary basis.