By: Russ Kamp, Managing Director, Ryan ALM, Inc. August 2023, proved to be another challenging month for return-seeking fixed income managers and their strategies when using the BB Aggregate index as the proxy, as the index declined -4% (-3.98% if...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Those in attendance at a recently concluded industry conference voted unanimously that securing the promised benefits was the “primary” objective in managing a DB pension plan. It was great to get such...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We hope that your "last" week of summer is a good one. Can't believe that Labor Day is almost upon us. The PBGC has been laboring, as they continue to work through...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Regular readers of this blog know that we've been on record since the first Fed Funds Rate increase that we were likely in a higher for longer scenario. That the prior nearly...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. We are pleased to provide you with our weekly update of the PBGC's progress in implementing the life-changing ARPA legislation. Tremendous activity has already taken place, but there is much more to...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. I don't think that it is much of a stretch to claim that the last 41 or so years have been an amazing time to be in the capital markets. Personally, I've...

By: Russ Kamp, Managing DIrector, Ryan ALM, Inc. Milliman’s midyear 2023 Multiemployer Pension Funding Study has been released. The Headline: "The aggregate market value funded percentage for multiemployer plans is estimated to be 87% as of June 30, 2023, up...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Good morning. Happy to share with you a very brief update on the PBGC's activity implementing the ARPA pension legislation. Brief because there is only 1 action item to report on. Southwest...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. As I mentioned in my last post, I am currently at the TexPERS summer program at the Woodlands just outside of Houston, TX. It is a well attended conference despite the excessive...

By: Russ Kamp, Managing Director, Ryan ALM, Inc. Happy Saturday. I am penning this post from roughly 28,000 feet as I travel to Houston, TX for the upcoming TexPERS conference, where I have the privilege of teaching an investment class...