Leadership Team

Ratkowski

Richard R. Ratkowski, CFA

Director, Investment Strategies

Committees: Management Committee

Rick is a director in NISA’s Investment Strategies Group and a member of the Management Committee.

With 20+ years of investment experience, he is responsible for growth initiatives and the design and implementation of customized investment solutions for a broad array of clients, as well as strategies spanning both hedging and absolute return with an emphasis on derivative-based solutions. He is also responsible for the oversight of the Strategic Portfolio Management and Markets and Portfolios teams, along with the development of proprietary financial modeling tools used throughout NISA.

Rick is a frequent author and speaker on a wide range of investment topics and has been featured in several leading institutional publications.

He holds an MS in Computer Science and a BS in Computer Science and Economics from Washington University in St. Louis.

Recent Perspectives

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Beyond a Crystal Ball: What is Investment Skill?

This article broadens investment skill beyond market forecasting to include structuring skill—encompassing engineering, market-making, operational and access capabilities. Learn how allocators can evaluate managers using both qualitative and quantitative frameworks....

March 2026

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Your Pension: More Than a Liability

Since the 2010s, much has changed with respect to U.S. single-employer defined benefit (DB) plans: plan sponsors are at the highest funding levels seen in decades; a focus on funded...

August 2025