Leadership Team

Murphy Joseph 5702F Jun2022 540x675 1

Joseph A. Murphy, CFA

Director, Portfolio Management

Committees: Member, Investment Committee

Joe is a director and member of NISA’s Investment and Management Committees. He is responsible for the communication of economic, market, and portfolio-related information to clients. He also authors NISA’s economic overviews and assists with benchmark design and portfolio transitions in order to meet client objectives. He has over 25 years of experience trading fixed income securities and derivatives.

Joe has been with NISA since its inception having joined NISA’s predecessor, National, in 1992. He has also served as an adjunct professor of Finance at the Olin School of Business at Washington University in St. Louis. Joe holds a BBA from Notre Dame and an MBA from the University of California, Berkeley.

Recent Perspectives

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Anticipating the FIFO Rule

As the effort to reform the U.S. tax code speeds through the legislative process, it is clear that, whatever the specifics of the ultimate bill, it could have a significant...

December 2017

Static Hedge Ratios

Taking A Hike (with interest rates)

It is a well-known market truism that the Fed tries to avoid surprising markets with its monetary policy decisions, especially when those decisions result in a rate increase. Indeed, the...

March 2017

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Long Corporates and Low Treasuries

We talk with a lot of pension plan sponsors who strategically want to hedge their liabilities by buying long duration corporate bonds but who tactically are discouraged from doing so...

April 2016