2019 YE — All values in USD billions — Definitions
Firm Information
Insurance Gen Acct 3rd Party Insurance Gen Acct Affil Insurance Sep Acct All Other Firm AUM Total Firm AUM 19.232 – – 99.868 119.1
Payden & Rygel
www.payden.com 333 South Grand Ave. 39th Floor, Los Angeles, CA 90071
Managing Director
Service Offerings & Client Profiles
Insurer Services
Investment Accounting Outsourcing N ALM Partnering Y Customized Portfolio Reporting Y Regulatory Assistance Y Insurance Client Web Portal Y Strategic Asset Allocation Advice Y Peer Analytics Y Tactical Asset Alloc / Multi-Asset Portfolio Mgt Y Capital Modelling & Management Y Insurance Client Conferences N Income & Cash Flow Projections Y ESG Specific Products Placed with Insurers Y
Life Health Property Casualty Reinsurance (All Lines) Multi-Line Other Total Client Count 14 40 4 – – 58
Client Relationship Size
<$250mn $250mn – $1bn $1 – $5bn 5 – $10bn >$10bn 39 12 7 – –
AUM Summary
3rd Party General Account
Public Private Total
Fixed Income 19.224 – 19.224 Equities 0.008 – 0.008 Total 19.232 – 19.232
Firm
Public
Private
Total
Fixed Income 117.071 – 117.071 Equities 2.029 – 2.029 Total 119.1 – 119.1
Regions 3P-GA
Firm
N America 11.502 87.804 Europe & UK 2.681 19.873 APAC 0.899 3.58 Offshore 4.15 6.323 Other – 1.52
AUM Details
Public Fixed Income 3P-GA
Firm
Cash/Short-Term 2.902 13.956 Governments & Agencies 5.078 30.075 Corporates 5.352 36.85 Municipals, Tax-Preferenced 0.902 1.862 Municipals, Taxable 0.342 1.509 Securitized – RMBS 0.734 7.938 Securitized – All Other 1.434 8.667 Convertibles – – High Yield 0.135 2.009 Bank/Leveraged Loans 0.007 0.361 CLOs 0.106 2.24 Emerging Markets – Sovereigns 1.449 9.985 Emerging Markets – Corporates 0.714 1.816 Other 0.074 0.172
Public Equities 3P-GA
Firm
Large Cap 0.004 1.66 Mid Cap – – Small Cap – – Global Developed Markets – – Emerging Markets – – Quant/Smart Beta – – Mkt Neutral / Long-Short / Liquid Alts – – Dividend-Tilt – – Passive SMAs – – Other – –
Private Fixed Income 3P-GA
Firm
Private Placements – Traditional – – Corporate – Middle Market – – RE – CMLs – – RE – All Other Debt – – Infrastructure Debt – – Structured – – High Yield – – Other – –
