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NISA and HFR Enter into an Agreement Allowing NISA to Deliver an Exclusive, Proprietary Approach to Risk Parity

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NISA Investment Advisors, LLC, an industry leading asset manager of customized strategies for world-leading organizations, has signed a license agreement with HFR, a global leader in indexing and analysis, enabling NISA to deliver an innovative risk parity investment solution.

NISA’s proprietary approach will utilize HFR data to identify a centroid of risk parity exposures allowing NISA to design and implement their process in client portfolios. The approach aims to attain a transparent and liquid portfolio at a reduced cost relative to existing alternatives.

David Eichhorn, CEO and Head of Investment Strategies for NISA, says “Our continuous curiosity and client-first focus often leads us to discover new solutions for clients. In our work to address the inadequacies of traditional risk parity benchmarking, we also found what we believe is an exceptional approach in portfolio design. We are excited to introduce NISA’s approach to asset owners seeking this type of solution.”

THE HFR Risk Parity Index and HFR® are financial indexes of and/or the trademarks and service marks of HFR Index. (“HFR”) and are used under license from HFR. HFR is not in any way related or connected to or affiliated with NISA Investment Advisors, LLC any of its related or affiliated companies or their financial products and funds. HFR has not participated in the creation or formation of any financial product of NISA Investment Advisors, LLC., does not endorse, approve or recommend investing in any such financial products, and is not liable for any damages of any kind or nature relating to the financial products or funds.

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This material has been prepared by NISA Investment Advisors, LLC (“NISA”). This material is subject to change without notice. This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. This information is provided with the understanding that with respect to the material provided herein (i) NISA is not acting in a fiduciary or advisory capacity under any contract with you, or any applicable law or regulation, (ii) that you will make your own independent decision with respect to any course of action in connection herewith, as to whether such course of action is appropriate or proper based on your own judgment and your specific circumstances and objectives, (iii) that you are capable of understanding and assessing the merits of a course of action and evaluating investment risks independently, and (iv) to the extent you are acting with respect to an ERISA plan, you are deemed to represent to NISA that you qualify and shall be treated as an independent fiduciary for purposes of applicable regulation. NISA does not purport to and does not, in any fashion, provide tax, accounting, actuarial, recordkeeping, legal, broker/dealer or any related services. You should consult your advisors with respect to these areas and the material presented herein. You may not rely on the material contained herein. NISA shall not have any liability for any damages of any kind whatsoever relating to this material. No part of this document may be reproduced in any manner, in whole or in part, without the written permission of NISA except for your internal use. This material is being provided to you at no cost and any fees paid by you to NISA are solely for the provision of investment management services pursuant to a written agreement. All of the foregoing statements apply regardless of (i) whether you now currently or may in the future become a client of NISA and (ii) the terms contained in any applicable investment management agreement or similar contract between you and NISA.