Ryan ALM
Blog
A Liquidity Crunch?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Interesting article in FundFire today addressing the issue of a "liquidity crunch" as the over-commitment to private equity and the lack of distributions is forcing pension plan sponsors to seek their own...
Would You Call This Result a Success?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Let me start off by stating unambiguously that I'm a huge supporter of defined benefit (DB) plans. Despite many recent improvements in defined contribution (DC) plans, such as auto-enrollment, auto-escalation, etc., I...
ARPA Update as of August 9, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Congrats to USA medal winners at the recently concluded Paris summer games. I'm still in awe of so many of the performances. Speaking of performances and medals, the PBGC deserves a medal...
Yields Haven't Moved As Much As You Think
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Uncertainty related to the Fed and the US economy has begun to impact equity markets during the past couple of weeks. Will the Fed cut rates? Is the US plunging toward a...
Say It Ain't So?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I've been fortunate to have participated in the investment/pension industry for more than four decades. I've seen the business from several perspectives, including as an asset/liability consultant and an investment manager. I've...
ARPA Update as of August 2, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The old adage of selling in May and going away is looking as if it were once again prophetic. We'll see where markets close today, but the last couple of weeks should...
Hey, Ryan ALM - "What's Your Benchmark?"
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Twice in the last two days, I've been asked by very knowledgeable industry professionals to define for them our benchmark. Knowing that we are a fixed income manager focused on defeasing (securing)...
ARPA Update as of July 26, 2024
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The "dog days" of summer don't seem to be impacting the activity level at the PBGC, as we had a plethora of activity last week. As mentioned on the PBGC website, the...
Sometimes You Just Have To Shake Your Head
By: Russ Kamp, Managing Director, Ryan ALM, Inc. CIO Magazine recently published an article chronicling the trials and tribulations of the Dallas Police and Fire and Dallas Employees pension systems. This is not the first time that these systems have...
Oh, The Games That Are Played!
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Managing a defined benefit pension plan should be fairly straightforward. The plan sponsor has made a promise to each participant which is based on time of service, salary, and a multiplier as...