Ryan ALM
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Things To Ask Your LDI Manager
LDI is the acronym for Liability Driven Investment. It is better explained as Asset Liability Management which we promote at Ryan ALM. It has developed into two main strategies either...
The Smartest Beta
The term “beta” is credited to William F. Sharpe, Ph.D. in his 1964 work in development of the “Capital Asset Pricing Model (CAPM)”. It means (1) the covariance of the...
Pension Confusion - Find the Liabilities
Securing and funding liabilities in a cost-efficient manner with prudent risk is the true pension objective. Although liabilities should be the focus of pensions, it is hard to find liabilities...
Pension Confusion - The Problem with Averages
Pension Confusion: The Problem with Averages Most pension have assets managed to generic market index benchmarks and/or liabilities. In both cases, the focus of these assets is to match or...
Becoming Liability Aware
A Strategy For Improved Pension Funding The Objective in managing a defined benefit plan is to fund benefit payments (liabilities) in a cost effective manner and to reduce risk over...