By: Russ Kamp, Managing Director, Ryan ALM, Inc. Following the publication of yesterday's post, I received several good questions including the following: "Have real interest rates (nominal rate minus inflation) ever been below -5%, let alone the current -7%?" It...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We've been quite surprised by the magnitude of the moves in both US interest Rates (down) and US equities (up) since mid-June. In fact, July is one of only a handful of...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. If it's Monday, it must but ARPA update day! We are pleased to report that there was some activity last week as reported by the PBGC. Teamsters Local Union No. 52 Pension...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We've recently gotten greater clarity from the PBGC in announcing their Final, Final Rules related to the ARPA multiemployer pension relief. Could we be getting closer to a resolution related to Delphi's...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The Great Resignation, aka the Big Quit or the Great Reshuffle, has been raging on since early 2021. We have witnessed a tremendous migration of workers from one job to another. Commentators...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I was extremely pleased to read Bridgett Hickey's recent FundFire article, "Pensions Return Expectations Fall Below 7% for First Time" in which she writes that the average public pension plan return on...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to provide you with the weekly update related to the ARPA pension legislation. However, once again there is little to report. We had one pension system submit their revised...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We have provided perspective within this blog on the importance of having a long time horizon. In fact, we have multiple blogs that discuss the idea of buying time . I'm pleased...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We've shared with you on a couple of occasions the output from a report published by Guinness Asset Management. In our February 23, 2022 blog on this subject, we highlighted the fact...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. CalPERS, the roughly $440 billion public pension plan, has reported the plan's preliminary fiscal performance results through June 30, 2022, at -6.1% or -$29 billion in AUM. I'm sure that there is...