Hints and tips:
...Jim Sarni of Payden & Rygel, made his argument more explicit: “investors are better off being smart than lucky.”...
...& Rygel and Claudia Sahm of Sahm Consulting....
...As Jim Sarni of Payden & Rygel put it to me (speaking of the short end of the curve), it’s not smart to go down in credit quality when the risk-free rate is 80 per cent of the total return....
...& Rygel....
...Working on yesterday’s letter about long-maturity corporate credit, I chatted with Jim Sarni, a principal at Payden & Rygel, a good friend of Unhedged....
...Jim Sarni, managing principal at the wealth manager Payden & Rygel, pointed out that the stonking performance of stocks in recent years has increased the flow of money that is looking to rebalance into bonds...
...“The frothiness of this market has been worrisome for a couple of months now,” said James Wong, a portfolio manager at Payden & Rygel, a fund manager based in Los Angeles....
...“A lot of companies are not giving guidance and it’s harder for analysts to revise their numbers,” said James Wong, a portfolio manager who runs the equity group of Payden & Rygel, a fund manager based in...
...Jim Sarni, managing principal at Payden & Rygel Investment Management, said that the wrangling between the US and China over trade, and the UK and EU over Brexit, have been the standout fears for global...
...“We are going to be plagued by a prolonged low interest rate environment,” said Jim Sarni, managing principal at Payden & Rygel Investment Management. “Investors are just saying ‘I need yield’.”...
...James Sarni, managing principal at Payden & Rygel Investment Management, argued that Mr Powell was emerging as one of the better Fed communicators because he speaks in a “straightforward fashion”....
...“I think this is a bit of a yield story,” said Jim Sarni, managing principal at Payden & Rygel....
...“We are no longer in a market where a rising tide is going to raise all boats,” said Jim Sarni, managing director at Payden & Rygel. “People have to do their homework. People have to be judicious....
...But Mr Sarni of Payden & Rygel thinks some of the concern about emerging markets may be overblown....
...• Payden & Rygel, the $120bn Los Angeles-based investment manager, has opened an office in Milan and named Nicoló Piotti as a managing director....
...“There wasn’t a lot to get too excited about from the G20 agreement,” said Jim Sarni, a managing principal at Payden & Rygel....
...“They remain data-dependent, and they seem convinced that the US economy is fine,” said Jim Sarni, managing principal at Payden & Rygel. “It will take more than this to push them off course.”...
...Kristin Ceva, head of emerging market debt at Payden & Rygel Investment Management, said NIIPs and current account balances were more relevant than gross debt levels, particularly with the latter having...
...“South Africa is a country that is often used as a proxy for emerging market risk,” said Ehsan Iraniparast, an analyst at Payden & Rygel....
...The outlook is pretty benign,” said Kristin Ceva, head of emerging market debt at Los Angeles-based Payden & Rygel Investment Management....
...Rygel....
...Both Payden & Rygel and T-Rowe Price — US investment groups that bought the century bond when it was sold — say they have taken advantage of the rout to buy more Argentine debt....
...“Investors are questioning whether there is an interest rate level that could trigger a sell-off,” said Jim Sarni, managing principal at Payden & Rygel....
...“There are a lot of things going on and a lot of uncertainty about what will eventually come out,” said Jim Sarni, managing principal at Payden & Rygel....
...“It’s been a stellar year for stocks and it’s been a stellar year for bonds too,” said Jim Sarni, managing principal at Payden & Rygel Investment Management....
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