Ryan ALM
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How Bonds Can Enhance the ROA
Given the volatility and uncertainty of the financial markets, bonds can provide Pension Plan Sponsors a strategy to mitigate some of that volatility. Bonds, through the certainty of their cash...
What’s Better For a Pension?
Asset returns are uncertain and very volatile. The S&P 500 is a good example. Since 1990 this index has enjoyed 13 years of 20% + growth. Unfortunately, it was accompanied...
Pension Strategy to Reduce Funding Costs by 20%+
The true objective of a pension is to secure and fully fund benefits in a cost-efficient manner with prudent risk . It is a liability and cost objective… it is...
Pension Conundrum - Liquidity Risk
Liquidity is a critical and necessary priority of a pension fund, since it must fund monthly benefits and expenses (B + E) on time. Many plan sponsors use a “cash...
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...
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...
Magnificent 7: Caveat Emptor!
As pension watchdogs, Ryan ALM is always interested and concerned about trends that may affect the funded status of pensions. Since the major asset holding of most pensions is the...
The Evolution of Asset/Liability Management
CEO, Ryan ALM, Inc. What Is Asset/Liability Management (ALM)? The objective of most institutions in the United States with assets to invest is to fund some sort of liability, (banks,...
Optimizing Asset Allocation
The asset allocation decision is the single most important asset decision since it affects all assets and the funded status of a pension plan. Strategic asset allocation (AA) takes a...
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...
Liability Beta vs. Market Beta
Beta is a term first pioneered by PhD. William Sharpe in his 1970 book “Portfolio Theory and Capital Markets”. Here he introduced his famous capital asset pricing model (CAPM) which...