By: Russ Kamp, Managing Director, Ryan ALM, Inc. Although it seems like everyone is busy at this time of year, the PBGC bucked that trend with little activity once again. During this past week, there were no SFA applications either...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Many pension systems lack a formal liquidity policy. As a result, they often ask their custodians to sweep cash (residual cash among managers, dividends, interest, and distributions) from wherever they can find...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Either the Summer doldrums have set in as it relates to the PBGC and ARPA activity or everyone is just waiting on the Final, Final Rules to be approved and published. There...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Vanguard is out with their annual survey results accumulated from their millions of account holders. To listen to many in our retirement industry, you'd think that everything is just hunky-dory. They often...

On May 25th I wrote a post regarding the prospect of "higher and for longer" and said that those four words scared the hell out of me. Well, based on the latest CPI reading of 8.6%, the prospect of higher...

By Russ Kamp, Managing Director, Ryan ALM, Inc. There was an article in today's WSJ that addressed the issue of transparency among hedge funds, private equity, and private debt offerings. There are a plethora of institutional entities imploring the SEC...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. There was modest activity last week as it relates to the ARPA pension legislation, as only one plan, Mid-Jersey Trucking Industry and Teamsters Local 701 Pension and Annuity Fund, received approval from...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. What do you do on a rainy day? If you are in NJ, you may just decide to read through 38 ARPA/SFA applications residing on the PBGC's website. Sounds like fun, right?...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We've had the opportunity to produce Custom Liability Indexes (CLIs) for several multiemployer plans going through the ARPA/SFA process. In all but one case, the SFA grant received or likely to be...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Before getting into the most recent update regarding the ARPA legislation, I'd like to express my sincere gratitude to the men and women who gave the ultimate sacrifice to defend our nation....