The Evolution of Asset/Liability Management

25 Pages Posted: 1 Mar 2015 Last revised: 28 Mar 2015

See all articles by Ronald Ryan

Ronald Ryan

Ryan ALM, Inc.; CFA Institute Research Foundation

Date Written: September 1, 2013


This review tracks the development of asset/liability management from its roots in liability management outsourcing to its most recent interpretation as a broad liability-driven investing strategy.

Keywords: liability-driven investing, ALM, asset/liability management, research foundation, cfa institute

JEL Classification: G11

Suggested Citation

Ryan, Ronald, The Evolution of Asset/Liability Management (September 1, 2013). CFA Institute Research Foundation Literature Review, Available at SSRN:

Ronald Ryan (Contact Author)

Ryan ALM, Inc. ( email )

800 Village Square Crossing
Suite 215
Palm Beach Gardens, FL
United States

CFA Institute Research Foundation ( email )

United States

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