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....

By: Russ Kamp, Managing Director, Ryan ALM, Inc. According to the US Federal Reserve's minutes from early in May, there is a chance that the Fed will have to raise US interest rates "higher and for longer" than originally anticipated....

By: Russ Kamp, managing Director, Ryan ALM, Inc. The Milliman organization produces an outstanding report each quarter that covers changes in the funding levels for both corporate as well as public pension systems. The Public Pension Funding Index (PPFI) report...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy to report that there was some more activity related to ARPA and the rescue of struggling multiemployer plans during the last week. As of this writing, there have been 25 ARPA...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Good morning to all my friends in multiemployer pension systems that have filed or will soon file applications with the PBGC to receive Special Financial Assistance (SFA) grants under ARPA. I have...