NISA manages $526 billion,1 primarily in actively-managed separate account portfolios and/or derivative overlay portfolios for large, institutional asset owners. We work closely with clients to assist in developing a custom strategy, benchmarks and reporting to help to differentiate their approach, achieve their objectives and solve key challenges.
We seek to identify the optimal mix of market exposures and instruments to attain client objectives.
NISA manages fixed income portfolios against both broad market, e.g., aggregate and TIPS and highly customized benchmarks. Our risk-controlled approach to active management focuses on risk-adjusted alpha. Our style is often viewed as a complement to more aggressive strategies employed by other managers.
Assets under management (AUM) data represents $288 billion of physical assets and $238 billion in derivatives notional value as of 12/31/2023. $19.9 billion in repurchase agreement notional and underlying assets are reported in both physical assets and derivatives notional value under management.