$483 Billion Under Management

We develop customized strategies with the flexibility to adjust assets to market events
for some of the world’s leading organizations.

Allocators We Serve

We encourage clients to view us as an extension-of-staff, maintaining long-standing and broad relationships with consultants and asset allocators from a broad spectrum of organizations:
  • Corporations and Institutions
  • Corporate, Public and Multi-employer Pensions
  • Foundations and Endowments
  • Governmental/Public Entities
  • Healthcare Institutions
  • Insurance Companies
  • Nuclear Decommissioning Trusts (NDTs)
  • Outsourced Chief Investment Officers (OCIOs)

Portfolios

Each of our portfolios includes exposures that we manage against a variety of benchmarks. As of June 30, 2026, NISA manages $299 billion in physical assets, of which 94% are fixed income portfolios comprised mostly of U.S. Treasury and investment-grade credit securities.

AUM Types

Derivatives Portfolios

NISA manages $184 billion in overlay strategies.

Liability Driven Strategies | $105b
  • Liability Hedging
  • Glidepath Management
Beta Strategies | $66b
  • Rebalancing/Cash Securitization
  • Portable Alpha
  • Commodity Index Replication
  • Currency Hedging
Systematic Strategies | $12b
  • Alternative Risk Premia
  • Tail Risk Strategies
Absolute Return | $0.6b
  • Liquid Hedge Fund Alternatives
  • Alternative Risk Transfer
  • Equity Market Neutral

2026 Assets Under Management is as of 6/30/2026. 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.