Founder Ronald J. Ryan explains: In answer to several requests and obvious confusion, I would like to clarify the difference between Ryan ALM, Inc. and Ryan Labs, Inc. I was the Director of Fixed Income Research and Strategy at Lehman...

Ryan ALM has written a lot on the subject of pension inflation and why it doesn't make sense to have an allocation to TIPS in your pension plan since they don't hedge pension inflation. Our extensive research on this subject...

It won't come as a surprise to many pension investors that Bonds have enjoyed an historic run. In fact, for most of my career, which now spans 39+ years, bonds have enjoyed a significant tailwind of falling interest rates. Unfortunately,...

There recently appeared on the Global Banking and Finance Review website an article on cash flow-driven investing ( YES! ), titled “How Can DB pension Schemes Make Effective use of Cashflow-driven investing?” The article summarized a whitepaper from CAMRADATA based...

You have to love our "leaders" in Washington, DC. After years and years and years of hoping and praying that the multiemployer retirement crisis would finally be resolved, the 1.4 million American workers in Critical and Declining pension plans are...

Just a quick post today to share with you an article written by John Manganaro, PlanSponsor, that followed a conversation that we had on Tuesday. We touched on a number of issues, but focused a great deal of attention on...

It is wonderful that everyone and their sister acknowledges that the US is facing a pension crisis within the multiemployer community, if not more broadly to include public and private plans, as well. As anyone who regularly reads this blog...

I frequently read many of our industry's publications. I often find the articles to be spot on. However, there is one area where I continue to question the reporting, as it is based on yesterday's approach. I am specifically referring...

In our December 3rd blog post, "Tough Sledding Ahead?" , we highlighted the CAPE index while raising concerns that equity valuations appeared stretched based on this metric. As you may recall, the forecast equity return was -2.3%, including dividends. As...

We've reported previously on output from the annual Amundi–CREATE series that started in 2014. There is always a plethora of great insights that are shared from among leading pension voices from multiple pension markets. This year's survey included 158 plan...