Ryan ALM
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Problem/Solution: Asset Allocation
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. In this post, Ron continues with his series on identifying solutions to various pension-related problems. This one addresses the issue of asset allocation being driven exclusively from an asset perspective. Most,...
Milliman: Corporate Pension Funding Up
Milliman released its monthly Milliman 100 Pension Funding Index (PFI), which analyzes the 100 largest U.S. corporate pension plans, and they are reporting that the collective funded ratio has risen to 105.1% as of June 30th from 104.9% at the...
Ryan ALM, Inc's 1H'25 Newsletter
We are pleased to share with you the Ryan ALM, Inc. 1H'25 Newsletter . As always, we hope that you find our ALM insights useful. We encourage you to reach out to us with any of your questions or observations....
ARPA Update as of July 3, 2025
Welcome to the Summer doldrums. The PBGC's ARPA activity appears to have been impacted by the holiday-shortened week. We hope that you and your family had a terrific Fourth of July weekend. There isn't a whole lot to discuss about...
Don't Engage in a Cash Sweep - Dividends Matter!
We've already shared with you the importance of dividends to the long-term return of the S&P 500 by referencing studies conducted by Guinness Global Investors . According to the Guinness study, which was last updated as of April 2020, the...
Segal: Benefits of Pension De-Risking
Jason Russell and Seth Almaliah, Segal, have co-authored an article titled, "Benefits of Pension De-Risking and Why Now is the Right Time". Yes! We, at Ryan ALM, agree that there are significant benefits to de-risking a pension plan and we...
U.S. $ Decline and the Impact on Inflation
As I was contemplating my next blog post, I took a look at how many of my previous >1,625+ posts mentioned currencies, and specifically the U.S. $. NEVER had I written about the U.S. $ other than referencing the fact...
ARPA Update as of June 27, 2025
Welcome to the end of 2025's first half. That seems fast! The PBGC has been dealing with a ton of activity, and the second half seems as if it will be more intense given recent additions to the waitlist following...
There Is No "Standard" Exposure
I recently attended a public pension conference in which the following question was asked: What is the appropriate weighting to emerging markets? There may be an average exposure that results from a review of all public fund data, but there...
Problem/Solution: Generic Indexes
By: Ronald J. Ryan, CFA, Chairman, Ryan ALM, Inc. We challenge you to find Pension Liabilities in any Generic Bond Index . We’re confident that you won’t. As a result, we’ve developed an appropriate solution, which we call the Custom...