Ryan ALM
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ARPA Update as of July 19, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. After a very hectic June, in which the PBGC approved nine applications for SFA, July has seen a replenishing of submitted applications seeking SFA grant money with 9 being filed in the...
Different Levels of Certainty
By: Russ Kamp, Managing Director, Ryan ALM, Inc. A friend of mine in the industry emailed me a copy of Howard Marks' latest memo titled, "The Folly of Certainty" . As they normally are, this piece is excellent. As regular...
Plan Sponsor Checklist: Things to Ask Your LDI Manager
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Given the improved funded status for most defined benefit pension plans, there is increased plan sponsor interest in reducing some of the risk from a traditional asset allocation. Asset Liability Management (LDI)...
ARPA Update as of July 12, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Not only has the weather heated up, but so has the activity at the PBGC as it relates to the implementation of the ARPA pension legislation. During the past week two non-priority...
Milliman: Improved Corporate Pension Funding Continues
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Milliman has once again produced its monthly update of the Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans. Thank goodness they can still find 100...
The Proof's in the Pudding!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Not sure why I used the title that I did, but I recently had pudding (vanilla) over the holiday weekend, so maybe that inspired me, and boy, was it good! That said,...
ARPA Update as of July 5, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. We hope that you had an enjoyable long holiday weekend. We once again provide you with an update on ARPA and the PBGC's implementation of this key pension legislation. Following a busy...
Ryan ALM, Inc. 2Q'24 Newsletter
By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are very pleased to provide you with the Ryan ALM, Inc. 2Q'24 Newsletter . We hope that you find our insights meaningful. One trend of note is the dramatic improvement in...
ARPA Update as of June 28, 2024 - A Time to Celebrate!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. As we complete the first half of 2024 and get ready for the Fourth of July celebrations with family and friends, we believe that it is fitting to celebrate the success to...
Should We Return to the Stone Age?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. In a recent article in Nakedcapitalism.com , titled "Private Equity Becomes Roach Motel as Public Pension Funds and Other Investors Borrow as Funds Remain Tied Up", posted by Yves Smith, there was...