Ryan ALM
Blog
Benefits of Cash Flow Matching (CFM)
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. The true objective of a pension is to secure and fund benefits in a cost-efficient manner with prudent risk. This is best accomplished by cash flow matching (CFM). In the 1970s...
Verus: "LDI for Public Sponsors"
Dan Hougard, FSA and Associate Director, Actuarial Services at Verus has recently published an excellent thought piece on LDI for public pension plans . In this case, the LDI refers to Cash Flow Matching (CFM). We at Ryan ALM, believe...