Payden & Rygel
SEC-registered
Investment Adviser · Mega ($100B+)
CRD 107160
· SEC file 801-19762
· Los Angeles, CA
· WWW.LINKEDIN.COM
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ADV data as of Jul 15, 2026
- Regulatory AUM
- $158B
- Discretionary
- $158B
- Clients
- 482
- Avg AUM / client
- $328M
- Accounts
- 895
- Employees
- 194
AUM over time
$62.1B
$158B
Dec 2011
Jul 2026
Annual snapshots from Form ADV filings · as of Jul 15, 2026
Asset allocation (SMA assets by investment type)
as of Jul 15, 2026
US government & agency bonds
$47.5B
30%
Investment-grade corporate bonds
$39.6B
25%
Other
$25.3B
16%
Cash & equivalents
$23.7B
15%
Sovereign bonds
$9.5B
6%
Non-investment-grade bonds
$7.9B
5%
State & local bonds
$3.2B
2%
Exchange-traded equities
$1.6B
1%
Registered investment companies (funds/ETFs)
$1.6B
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 5 | $687K | 0.0% |
| High net worth individuals | 82 | $1.8B | 1.13% |
| Banking or thrift institutions | Fewer than 5 clients | $2.0B | 1.28% |
| Investment companies | 21 | $9.9B | 6.23% |
| Pooled investment vehicles (non-investment companies) | 27 | $11.5B | 7.28% |
| Pension and profit sharing plans | 36 | $26.1B | 16.5% |
| Charitable organizations | 105 | $18.2B | 11.5% |
| State or municipal government entities | 42 | $39.4B | 24.9% |
| Insurance companies | 49 | $19.8B | 12.5% |
| Sovereign wealth funds and foreign official institutions | 10 | $3.4B | 2.13% |
| Corporations and other businesses | 85 | $25.6B | 16.2% |
| Other | 20 | $533M | 0.34% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $423M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Base Camp Fund Ii, A Series Of Payden Active Cash Management, Llc | Liquidity Fund | Delaware | $160M | 4 |
| The Base Camp Fund, A Series Of Payden Active Cash Management, Llc | Liquidity Fund | Delaware | $146M | 3 |
| Ocil Securitised Fund, A Series Of Payden Active Cash Management, Llc | Securitized Asset Fund | Delaware | $118M | 1 |
Nonprofit clients
Charities that reported this firm as a top-paid contractor (investment services) on Form 990.
| Charity | Location | Period |
|---|---|---|
| Illinois Insurance Guaranty Fund EIN 362737437 | Chicago, IL | 12/31/2024 |
| Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees EIN 206673883 | Murray Hill, NJ | 12/31/2024 |
| Southern California Edison Co Veba Represented Trust EIN 954372790 | Rosemead, CA | 12/31/2024 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Int'l Brotherhood Of Electrical Workers' Pension Benefit Fund International Brotherhood Of Electrical Workers' Pension Benefit Fund | 2024 | |
| New York District Council Of Carpenters Pension Pl Board Of Trustees Of Nycdcc Pension Fund | 2024 | |
| Iam National Pension Fund Board Of Trustees Of The I.A.M. National Pension Fund | 2024 | |
| Producer Writers Guild Of America Pension Plan Board Of Directors Producer Writers Guild Of America Pension Plan | 2024 | |
| National Electrical Annuity Plan Trustees Of The National Electrical Annuity Plan | 2024 | |
| The Southern California Edison Company Retirement Plan Southern California Edison Company | Rosemead, CA | 2024 |
| Retirement Plan For Employees Of Hawaiian Electric Industries, Inc. And Participating Subsidiaries Hawaiian Electric Industries, Inc. | 2024 | |
| Aramco U.S. Retirement Income Plan Aramco Shared Benefits Company | 2024 |
People (14)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Joan Ann Payden | President And Ceo, Director & Shareholder | Aug 1983 (43y) | 50% – 75% | |
| Brian Webb Matthews | Managing Director, Cfo, Director And Shareholder | Chartered Investment Counselor | Mar 1994 (32y) | 5% – 10% |
| Pishva, Reza, Nmn | Director, Chief Compliance Officer | Jul 2023 (3y) | Less than 5% | |
| Mary Beth Syal | Registered representative | Sep 1994 (32y) | ||
| David Price Ballantine | Registered representative | Jul 1997 (29y) | ||
| Gary Samuel Greenberg | Registered representative | Oct 2002 (24y) | ||
| James Patrick Sarni | Registered representative | Nov 2002 (24y) | ||
| Eva Mirjam Weber Bogdan | Registered representative | Mar 2015 (11y) | ||
| Stephanie Shaw Walker | Registered representative | Nov 2017 (9y) | ||
| Liling Deng | Registered representative | Jul 2019 (7y) | ||
| Brett J Wakasa | Registered representative | Jan 2020 (7y) | ||
| Luis Miguel Antonio Tan Sy | Registered representative | Sep 2022 (4y) | ||
| Kyle Robert Signor | Registered representative | Sep 2022 (4y) | ||
| James Patrick Burke | Registered representative | Oct 2024 (2y) |
Undisclosed: 10% – 45% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $423M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Base Camp Fund Ii, A Series Of Payden Active Cash Management, Llc | Liquidity Fund | $160M | $150M | 4 |
| The Base Camp Fund, A Series Of Payden Active Cash Management, Llc | Liquidity Fund | $146M | $150M | 3 |
| Ocil Securitised Fund, A Series Of Payden Active Cash Management, Llc | Securitized Asset Fund | $118M | $50.0M | 1 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (8)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Int'l Brotherhood Of Electrical Workers' Pension Benefit Fund | International Brotherhood Of Electrical Workers' Pension Benefit Fund | 472,935 | $2.8B | 07/01/2024 |
| New York District Council Of Carpenters Pension Pl | Board Of Trustees Of Nycdcc Pension Fund | 10,331 | $5.4B | 07/01/2024 |
| Iam National Pension Fund | Board Of Trustees Of The I.A.M. National Pension Fund | 102,863 | $15.0B | 01/01/2024 |
| Producer Writers Guild Of America Pension Plan | Board Of Directors Producer Writers Guild Of America Pension Plan | 8,873 | $4.7B | 01/01/2024 |
| National Electrical Annuity Plan | Trustees Of The National Electrical Annuity Plan | 89,789 | $18.1B | 01/01/2024 |
| The Southern California Edison Company Retirement Plan | Southern California Edison Company | 8,726 | $4.7B | 01/01/2024 |
| Retirement Plan For Employees Of Hawaiian Electric Industries, Inc. And Participating Subsidiaries | Hawaiian Electric Industries, Inc. | 2,139 | $1.9B | 01/01/2024 |
| Aramco U.S. Retirement Income Plan | Aramco Shared Benefits Company | 1,416 | $1.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Foundations & charities (3)
| Organization | Type | Assets | As of |
|---|---|---|---|
| Illinois Insurance Guaranty Fund | Public charity | $154M | 12/31/2024 |
| Lucent Supp Healthcare Benefits Tr Fbo Formerly Rep Retirees | Public charity | $172M | 12/31/2024 |
| Southern California Edison Co Veba Represented Trust | Public charity | $1.3B | 12/31/2024 |
From IRS Form 990 investment-management-fee disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 07/15/2026 | 1.58 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Other services
Custody
Reported custodians
- BNY Mellon $48.3B (31% of AUM) Jul 2026
- State Street $37.1B (23% of AUM) Jul 2026
- Northern Trust $27.2B (17% of AUM) Jul 2026
- Us Bancorp $15.9B (10% of AUM) Jul 2026
- J.P. Morgan $12.4B (9% of AUM) Mar 2022
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jul 15, 2026.
View current Form ADV (SEC/IAPD) ↗