By: Russ Kamp, Managing Director, Ryan ALM, Inc. While the investing community holds their collective breath in anticipation of the latest US Federal Reserve Fed Fund's Rate announcement, those plan sponsors using cash flow matching (CFM) can sit back knowing...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We've mentioned "inflation" in 50 blog posts just since July 1, 2022. It is clearly on our minds and the minds of 99% of the investment community. What is our position? We...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC certainly didn't let the upcoming holiday season get in the way of some important business. As we mentioned in last week's update, there was a potential "tidal wave" of activity...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Maybe things have changed during the last 40 years (my hair color certainly has), but there seems to be a major disconnect between the market's (Fed's) reaction to the early 1980s inflationary...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Currently, the US 2-year Treasury Note is trading at an 85 bps premium yield to that of the 30-year US Treasury Bond. This inversion doesn't happen often and has on many occasions...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We at Ryan ALM, Inc. truly appreciate every opportunity that we get to speak with plan sponsors, consultants, and actuaries. We find the give and take during those conversations to be incredibly...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. When multiemployer pension funds submit an application for Special Financial Assistance (SFA), the PBGC has 120 days to act on said application. It just so happens that there are 12 applications that...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. With the tryptophan effects finally wearing off, the PBGC is reporting that 2 pension plans - The Defined Benefit Plan for the Operative Plasterers' and Cement Masons' International Association Local Union 394...

By: Ron Ryan, CEO, Ryan ALM, Inc. Most fixed-income managers are required to outperform a generic market index benchmark. Usually, it is one of the Lehman, now Bloomberg Barclay’s (BB), indexes designed by Ron Ryan when he was the Lehman...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. OOPS! I guess that forecasts anticipating the "collapse" of the US labor market were a bit premature. The announcement that the US added 263,000 new jobs blew away forecasts. The fact that...