Ryan ALM
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Ryan ALM Pension Monitor for 3Q'22
By: Russ Kamp, Managing Director, Ryan ALM, Inc. What a year! Inflation is rising, interest rates are rising, and asset prices are falling. What does this mean for Pension liabilities and pension funding? Well, it is very much dependent on...
What Surprises Will October 14th Bring?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. It has been quite a ride for UK pension "schemes" (I never liked the use of this word to describe pension funds) during the last couple of weeks. Significant damage to the...
ARPA Update for October 7, 2022
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I have to admit that I almost forgot to provide an update on the ARPA activity. One quasi-day off and I'm thrown for a loop! Despite my failure to provide an update...
Rates Aren't high Yet, But They Might Get There!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. As I suspect that you do, I continue to read comments from pundits and industry "experts" claiming that the US is going to be driven into a recession through the Fed's action...
There is NO Pivot on the Horizon!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Another day of jobs data and another sell-off in the market by participants hoping for some sign that the US Federal Reserve will be forced to pivot away from its crusade to...
The Fed's Headwind Revisited
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Despite the recent equity and bond market rally, we believe that the Fed still has its work cut out for them. We published a post last week titled, The Fed's Headwind? in...
A Less Secure Future?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I published a post on August 31, 2022, titled, " Let's Get Realistic ". I provided a bit of a rant regarding the reporting for DC plan participants looking at an account...
What Has the Fed Accomplished?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The US equity and bond markets rallied significantly yesterday. Why? What changed from last Friday, last week, last month, last quarter, or year-to-date? The US continues to live with excessive inflation and...
ARPA Update as of September 30, 2022
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Members of the PBGC have their work cut out for them, as last week was particularly robust in terms of new applications for Special Financial Assistance (SFA) under ARPA. There were nine...
LDI - aka Leverage Did It!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The Bank of England certainly got a bunch of investors excited yesterday. They announced their intent of significant buying of long-dated Gilts which had nothing to do with a change in monetary...