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PBGC Update as of January 6th, 2023
By: Russ Kamp, Managing Director, Ryan ALM, Inc. After some fairly intense activity for the PBGC to end 2022, the new year began with a much more measured pace! We are pleased to once again provide this weekly update regarding...
Fighting the Fed - What's the Implication?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Four decades of falling rates and easy (supportive) monetary policy certainly have combined to create an expectation among US investors that US interest rates will be low forever and that the Fed...
UK Pension Market Seems Quiet - Will that Last?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. September's wild ride within the UK pension market has been replaced by relatively calm seas since. But is that situation an illusion? The following chart highlights some major concerns, as UK Gilts...
Ryan ALM Q4'22 Pension Monitor
By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to present the Ryan ALM Pension Monitor for Q4'22. We once again highlight for our readers the returns for both assets and liabilities for the calendar year 2022 for...
Was 2022 a GOOD year or a BAD year for Pensions?
By: Ronald J. Ryan, CEO, Ryan ALM, Inc. Well, assets had a BAD year with negative growth rates for the major asset classes: S&P 500 -18.1% BB Aggregate -13.0% According to the Ryan ALM Pension Monitor, pension assets had a...
The Fed Isn't Blinking
By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy New Year! At least it was for some US equity investors prior to this afternoon's release of the December FOMC meeting notes, which once again highlighted the fact that there is...
But, What about the Future?
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The last 43 years have been an extraordinary time for both bonds and stocks. Including the calendar year 1980, a 60% S&P 500 and 40% BB Aggregate asset allocation produced an incredible...
ARPA Update as of December 30, 2022
By: Russ Kamp, Managing Director, Ryan ALM, Inc. The PBGC was flooded with applications for Special Financial Assistance (SFA) last week with the submission of 13 filings, including 8 Priority Group 5 initial applications, 3 Priority Group 2 (PG2) initial...
The Middle is Being Squeezed
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I suspect that most Americans wouldn't be surprised to read that the US Middle Class continues to be impacted most negatively by four decades high inflation. According to a WSJ article, "purchasing...
Kamp on Dakota Live Podcast
By: Russ Kamp, Managing Director, Ryan ALM, Inc. I was recently provided an opportunity to join Robert Morier and Dan DiDomenico on a Dakota Live Podcast. It was great fun to share insights with these two highly experienced investment professionals....