Payden & Rygel Global, the London-based subsidiary of global investment management firm Payden & Rygel, is expanding its client management team. The firm has added more than $1 billion in assets under management in the past 12 months due to high demand for fixed income strategies in the U.K. and Europe.

"With a number of European countries expanding the allowable investment securities for institutions to high-yield global bond portfolios as well as other specialized strategies, we are encountering an increased demand for customizing these strategies in Europe," said Joan Payden, president and CEO of Payden & Rygel.

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