About NISA
Investment Management with a Differentiated Approach
We partner with sophisticated institutional investors to structure and manage strategies shaped by each client’s objectives, constraints and governance.
Committed to Being a Trusted Partner in Institutional Investing
$
469b
Assets Under Management
$
284b
In Physical Assets
$
186b
In Derivative Overlay Strategies
All figures as of 9/30/2026
Our Story
Rooted in Academic Rigor. Refined Through Institutional Experience.
We were founded in 1994 by early contributors to fixed income research, interest rate risk management and immunization strategies. A rigorous analytical approach to investment management for institutional clients was foundational and still guides us.
Being independent and 100% employee-owned gives us the stability, alignment and continuity long-term relationships require.
For more than three decades, we have grown by deepening client partnerships and expanding capabilities to address the evolving challenges investors face.
“Our origins and founding purpose have always been an extremely client-centric model.”
Chief Executive Officer
100%
Employee-Owned
30+
Years in Business
400+
Employees
Assets
What We Manage
Physical Portfolios
$
284b
Assets Under Management
$
137b
Treasury/Agency Securities
$
73b
Credit Securities
$
32b
STRIPS
$
19b
Equity
$
13b
Cash Equivalents
$
6b
Securitized
$
4b
TIPS
Derivatives Portfolios
$
186b
Overlay Strategies
2026 Assets Under Management is as of 9/30/2026. Overlay strategies include a combination gross notional, fund AUM or fully funded equivalent exposure. Derivative-based liability driven and beta strategies are reported based on gross notional. Systematic and absolute return strategies are based on program objectives and may include notional, fund AUM or the fully funded equivalent exposure.
The data supplied by NISA are based on trade date and calculated according to NISA’s pricing policies. NISA maintains the data only for its portfolio management, guideline verification and performance calculation purposes and the data may differ from the recordkeeper. NISA does not provide pricing, recordkeeping, brokerage or any related services. You should compare and verify the information on this report with the information on the statement from the recordkeeper. A summary of NISA’s Pricing and Valuation policy is available upon request.
Leadership Team
Decades of Expertise Reflected in Every Decision
Our long-tenured senior team brings accumulated knowledge, thoughtful perspective and sector-specific insight to our investment and client work.
Why NISA
Our Distinguished Approach
We partner with clients to build tailored solutions in pursuit of unique goals. Our style seeks consistent outcomes with high-quality, risk-adjusted returns.
Authentic Alpha
Actively managing specialized strategies across asset classes and markets, emphasizing diversification and proven processes that strive to deliver consistently high information ratios
Beta Optimization
Capturing targeted market exposures efficiently, minimizing uncompensated risks and identifying opportunities created by structural gaps in market conditions
Strategic Partnership
Cultivating enduring partnerships that reflect a deep understanding of client objectives with portfolios designed to deliver strategic outcomes
Partner With NISA
Discuss Your Portfolio Objectives with Us
Careers
Put Your Curiosity to Work
Build a career where your ideas are welcomed, your growth is supported and your work helps clients achieve their investment goals.
