City of South Pasadena StaffReport Consideration to Approve the City of South Pasadena Investment Policy for Fiscal Year 2026-2027 2026-05-20
City Continues Investment Advisory Services with Payden & Rygel
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Description
The City of South Pasadena continues to utilize Payden & Rygel as its independent investment advisor to manage the City's surplus funds consistent with California Government Code and the City's investment policy objectives. The staff report notes coordination with the firm in reviewing and updating the FY 2026-27 Investment Policy but provides no new contract terms or amounts.
Contract Details
Vendor
PAYDEN & RYGEL
Agency
City of South Pasadena, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Renewal Info
The report indicates an ongoing advisory relationship with Payden & Rygel but does not describe specific renewal terms, expiration date, or amendment history.
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