Payden & Rygel is a privately owned investment management firm based in Los Angeles with $161.7 billion AUM,[1] founded in 1983 by Joan Payden.[2][3] The firm offers a range of mutual funds with debt and public equity based strategies, and also directly manages accounts for clients.[4] The firm's economists and portfolio managers have also been quoted by financial news organizations, such as the Financial Times,[5] The Wall Street Journal[6] and Bloomberg Businessweek.