Clearing Hurdles Without Jumping: The Cost of Low Benchmarks
Hedge funds often use hurdle rates that are low—and often zero—to measure portfolio performance. Moreover, returns above these hurdle rates incur performance fees that
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Liquid Complements to Private Credit: A Three-part Series
Institutional interest in private credit[1] has expanded meaningfully in recent years, driven by the potential to capture an illiquidity premium and access a broader
Corporate Defined Benefit Plans and the Power of a Surplus
With an average funded status of 107% and over 50% seeing a surplus, corporate defined benefit (DB) plans enter 2026 as well-funded as they
NISA by the Numbers
31 yrs
as an institutional asset manager
$470b
under management
400+
employees
$298 billion in physical assets + $172 billion in derivatives notional value as of 12/31/2025.
Our APPROACH
“We’ve always aimed to do things a little differently.
We are a 100% employee-owned firm,
operating as a genuine solutions provider
and extension of staff
for world-leading asset owners.”
David G. Eichhorn, CFA
Chief Executive Officer and Head of Investment Strategies
Recognition of Quality Leadership is Ongoing!
NISA was named a 2025 Best Asset Manager for Institutional Investors in the United States by Crisil Coalition Greenwich, part of Crisil Ltd., a company of S&P Global, recognizing asset managers who stand out by delivering exceptional client service and helping institutional investors achieve their goals.
The award was announced on December 18, 2025.
Crisil Coalition Greenwich named NISA one of two recipients of the Best Asset Manager award for Institutional Investors in the United States on December 18, 2025. In 2025, Crisil Coalition Greenwich renamed the award from “Quality Leader” to “Best Asset Manager.” NISA paid a standard fee to access the full set of data published by Crisil Coalition Greenwich and for use of the Best Asset Manager logo. Rankings do not represent any one client’s experience because they reflect an average of experiences of clients who chose to participate. Full methodology and past results are available at www.greenwich.com.
The award was announced on December 18, 2025.
Crisil Coalition Greenwich named NISA one of two recipients of the Best Asset Manager award for Institutional Investors in the United States on December 18, 2025. In 2025, Crisil Coalition Greenwich renamed the award from “Quality Leader” to “Best Asset Manager.” NISA paid a standard fee to access the full set of data published by Crisil Coalition Greenwich and for use of the Best Asset Manager logo. Rankings do not represent any one client’s experience because they reflect an average of experiences of clients who chose to participate. Full methodology and past results are available at www.greenwich.com.
Our People are
Our Most Valuable Asset
NISA’s culture fosters personal and professional growth with access to both experience and expertise. See if a career at NISA is right for you.