Ryan ALM
Blog
Pension Plan Sponsor: "I Wish that I could..."
In October, I will celebrate my 45th year in the pension/investment industry. I've been truly blessed, but also frustrated by activities that I deem detrimental to the successful management of DB pension plans. First and foremost, I believe that a...
How Does One Secure A Benefit?
We hope that you'll agree that going to Chicago in January demonstrates the lengths that Ryan ALM personnel will go to help plan sponsors and their advisors protect and preserve DB pension plans. We are just thankful that we left...
Do the Analysis! Remove the Guess Work.
I am truly blessed working for an organization such as Ryan ALM, Inc. I am awed by the folks that I get to work with and the product/strategy that I get to represent. As a reminder, we've created a cash...
ARPA Updated as of November 28, 2025
We hope that you enjoyed a fabulous Thanksgiving holiday with your family and friends. This update is the last one for November. Wow, that month went by quickly. Regarding the ARPA legislation, have we entered the last month for new...
Buy on the Rumor...
After 44-years in the investment industry I've pretty much heard most of the sayings, including the phrase "buy on the rumor and sell on the news". I suspect that most of you have probably heard those words uttered, too. However,...
I'm Concerned! Are You?
I've been concerned about the U.S. retirement industry for many years, with a particular focus on traditional pensions. The demise of DB pensions is a major social and economic issue for a significant majority of American workers, who fear that...
When Should I Use CFM?
Good morning. I'm currently in Chicago in the midst of several meetings. Yesterday's meetings were outstanding. As you'd expect, the conversations were centered on DB pension plans and the opportunity to de-risk through a Cash Flow Matching strategy (CFM) in...
Problem/Solution: Generic Indexes
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. We challenge you to find Pension Liabilities in any Generic Bond Index . We’re confident that you won’t. As a result, we’ve developed an appropriate solution, which we call the Custom...
Ryan ALM: Problem/Solution
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. Problem: Pension Liabilities… MIA Solution: Cash Flow Matching (CFM) The true objective of a pension is to secure and fully fund benefits (and expenses) in a cost-efficient manner with prudent risk....
The Power of Bond Math
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. Bonds are the only asset class with the certainty of its cash flows. That is why bonds have always been used to cash flow match and defease liabilities. Given this certainty,...