I am pleased to be participating in this important IFEBP sponsored event. I will be presenting on the history of Pension Obligation Bonds (POBs), the strategies used to date, the risks, and most importantly a unique approach that might just...

Question: What is the purpose of a Pension Obligation Bond? Possible answers: A POB is intended to take advantage of potential arbitrage opportunities by investing in higher return asset classes that should outperform the cost of the bond? or A...

Yesterday, we reported that Congressman Neal (D, MA) had introduced pension reform legislation titled Emergency Pension Plan Relief Act of 2021 (EPPRA) on January 21st. We were also led to believe that the legislation bore similarities to the Butch Lewis...

House Ways and Means Committee Chairman Richard Neal (D-MA) introduced the Emergency Pension Plan Relief Act of 2021(EPPRA) on January 21, 2021. EPPRA represents the latest legislative attempt to address the well-documented multiemployer pension crisis. We are told that there...

We are pleased to share with you Ryan ALM's latest insights related to how pension assets and liabilities performed in 2020. As you will note, despite a very strong rally in equities during the final 8 months of the year,...

There are multiple examples throughout time when the price of an "investible" item has gotten tremendously out of whack from the underlying fundamentals. There are examples of prices rising well beyond what the underlying story would justify and examples of...

Who needs cellular tracking when you have United Van Lines? The U.S.'s largest moving company keeps track of moving patterns and produces the results in an annual survey each January called the National Movers Study. Anyone who keeps up on...

I read something recently that had me shaking. Someone was suggesting that the recent run-up in the price of a Bitcoin was being driven by demand from pension plans. Please tell me that isn’t the case. The US pension system...

According to a new Kiplinger survey, nearly 6 in 10 Americans withdrew or borrowed money from their 401(k) "retirement" funds. Of that 60%, 58% withdrew or borrowed from $50,000 to $100,000. These are shocking statistics! I've claimed for years that...

The graph above compares major asset class index benchmarks versus the Ryan U.S. Treasury STRIPS indexes as a yield curve of 30 distinct indexes. This analysis provides a picture (more than 1,000 words in my humble opinion) of the relative...