Perspectives Contributor:

David G. Eichhorn, CFA

October 4, 2021

Getting Into The Right ZIP Code On Mortality Assumptions

To download a PDF version, please click here. NISA is excited to announce a collaborative...

June 8, 2021

95 is the new 105: Why plans should consider accelerating their glidepath

To download a PDF version, please click here. Increased funded status, newly legislated funding relief...

March 30, 2021

The Strategic Case for High Yield in Hibernation and LDI Portfolios

To download a PDF version, please click here. NISA has consistently argued that risk assets...

February 19, 2021

Another Extension of Funding Relief?

To download a PDF version, please click here. A few clients have asked us recently...

October 5, 2020

A Very Normal World…of Interest Rates

To download a PDF version, please click here. Very little currently could be described as...

August 19, 2020

Willing to Concede the S&P at 3750+? Equity Protection Strategies, Enter Stage Left

To download a PDF version, please click here. The combination of near all-time highs for...

July 16, 2020

The Siren Song of Manager Diversification

To download a PDF version, please click here. Recent market gyrations once again remind us...

July 2, 2020

The Dynamic Duo: Interest Rate Levels and Volatility

To download a PDF version, please click here. When volatility increases for a particular market...

April 7, 2020

Are Static Hedge Ratios Really Static?

To download a PDF version, please click here. Authors’ note: The timing of this piece...

March 24, 2020

Quick Post on Rebalancing

To download a PDF version, please click here. I know this is not the time...

December 18, 2019

Ignore Mortality at Your Own Risk

To download a PDF version, please click here. For the fifth year in a row,...

August 21, 2019

Global Bond Yields Plunge to Record Lows

To download a PDF version, please click here. Bond yields have fallen dramatically around the...

December 21, 2018

Groundhog Day Meets Mortality Assumptions

To download a PDF version, please click here. Perhaps it would have been more fitting...

October 24, 2018

Implementing Your Beta

To download a PDF version, please click here. When envisioning any new strategy, it is...

September 27, 2018

Small Balances, Big Bias?

To download a PDF version, please click here. Small balance annuity buyouts have been increasingly...

September 25, 2018

Rebuilding Beta

To download a PDF version, please click here. In our previous post, we outlined a...

September 7, 2018

Breaking Down Your Beta

To download a PDF version, please click here. Like visiting the doctor periodically, it is...

July 26, 2018

Separating Annuity Buyout Fact From Fiction

To download a PDF version, please click here. In recent weeks we have read a...

December 18, 2017

Sharing an Interesting Analysis

To download a PDF version, please click here. Sometimes you come across a piece of...

July 28, 2017

The Beginning of the End for LIBOR

To download a PDF version, please click here. The end is nigh for the London...

May 25, 2017

Does the Size of a Company’s Pension Affect its Stock Price?

To download a PDF version, please click here. Summary We examined the statistics behind the...

January 5, 2017

Trumponomics – Two Scenarios for Fiscal Stimulus

To download a PDF version, please click here. Changes in yields can provide insights into...

December 7, 2016

Equity Spread Duration is Bubbling Up

To download a PDF version, please click here. Summary In recent months we’ve observed that...

October 20, 2016

The Topography of Pension Risk

To download a PDF version, please click here. Last week, we participated in the annual...

July 26, 2016

Grading Rates on a Curve

To download a PDF version, please click here. Can rates in the U.S. only go...

June 29, 2016

Have Cash – Will Carry: Another Simple Strategy to Help Enhance Cash Yields

To download a PDF version, please click here. As the (seemingly) never-ending search for yield...

May 11, 2016

Bonds Without Borders

To download a PDF version, please click here. It may pay to be a little...

April 22, 2016

Prix Fixe vs. A la Carte (or, Asset Classes vs. Risk Premia)?

To download a PDF version, please click here. When you go to a restaurant for...

March 29, 2016

Risk Premia Strategies – Beta Overlay 2.0?

To download a PDF version, please click here. The advent of investable risk premia indices...

February 8, 2016

Rebalancing? Don’t Forget Derivatives

To download a PDF version, please click here. January’s steep drop in equity prices and...

January 11, 2016

Here’s an Idea to Potentially Enhance Your Cash Returns

To download a PDF version, please click here. Returns will be hard to come by...

January 4, 2016

The Great Migration Toward Fixed Income

To download a PDF version, please click here. Since the New Year is always a...

December 17, 2015

Live (Less) Long and Prosper?

To download a PDF version, please click here. Working in the pension industry, it can...

December 3, 2015

The Full Picture on Partial Buyouts

To download a PDF version, please click here. We hear annuity buyouts frequently discussed as...