Ryan ALM
White Papers
When is a Pension Fully Funded?
The Funded Ratio tends to be the acid test and benchmark for funded status… but is it? We have written several research white papers (www. RyanALM/Research/White Papers) about the glaring...
Bond Yields… Caveat Emptor
Most bonds are priced and traded on some yield calculation. These yield calculations are based on assumptions that are difficult, if not impossible, to achieve. For example: Yield to Maturity...
Ryan ALM, Inc. Celebrates 20th Anniversary
Ryan ALM, Inc. Celebrates 20 th Anniversary Mission: Protecting and Preserving Pensions Ryan ALM, Inc. was incorporated in Delaware on June 15, 2004. Ronald J, Ryan, founder, says that “we...
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...
Duration vs. Cash Flow Matching
Pension Solutions: Dollar Duration Matching and Cash Flow Matching Ryan ALM believes that the objective for a defined benefit pension is to fund and secure benefits in a cost-effective manner...
Cash Flow is King!
Executive Summary Pensions are all about cash flows. They require asset cash flows including projected contributions to fund projected benefits + expenses.Retired Lives are the most imminent and certain liability...