Equity Strategies
Manage the Decisions That Shape Equity Outcomes
$
19b
Equity Assets Under Management
as of 9/30/2026
Our Approach
Our equity capabilities span tax-aware separately managed accounts and quantitative equity strategies, each designed around the specific investment objectives and constraints of institutional investors. We manage equity with precision, applying the same discipline around risk management, portfolio construction and implementation that is central to everything we do. Whether the priority is tax efficiency through direct ownership of individual securities or systematic alpha generation through a disciplined, long-short process that deploys dynamic leverage to deliver a consistent risk/return profile—from beta-one to market neutral—the way equity exposure is structured and managed is as important to us as the exposure itself.
From the Expert
To be a capable partner, you have to have the ability to meet the table stakes of the engagement and to execute within the defined parameters.”
Hear more about our equity capabilities.
Director, Client Services
Quantitative Equity—Dynamic Extension
A benchmark-aware strategy that combines broad equity market exposure with both long and short positions, seeking to add alpha without altering the allocation’s primary equity role.
Learn more about Quantitative Equity—Dynamic Extension
Our quantitative strategies include both benchmark-aware and benchmark-agnostic active equity solutions for clients. Our proprietary approach seeks to deliver consistent alpha by systematically exploiting market inefficiencies that have persisted across market cycles. This relies on combining durable structural opportunities with a meticulously engineered process designed to layer incremental value at every stage, including portfolio construction, execution, and risk management; collectively, the alpha generation process.
Dynamic Extension–Our flagship QE strategy that provides enhanced global equity exposure through long/short active extension. The strategy employs more than 4,000 active positions, and a dynamic application of leverage to manage risk characteristics (e.g., beta and tracking error). The end result is a risk-controlled strategy that seeks to deliver steady excess returns alongside full market participation.
Whether the objective is to anchor an equity allocation, implement a portable alpha strategy or add a source of pure alpha generation to a portfolio, our scalable active equity solutions are designed to offer the persistent excess returns, managed risk characteristics and institutional precision that sophisticated investors require.
Quantitative Equity—Market Neutral
A pure alpha strategy with long and short positions balanced to neutralize market exposure, available in funded or unfunded formats.
Learn more about Quantitative Equity—Market Neutral
Our quantitative equity strategies include both benchmark-aware and benchmark-agnostic active equity solutions for institutional clients. Our proprietary approach seeks to deliver consistent alpha by systematically exploiting market inefficiencies that have persisted across market cycles. This relies on combining durable structural opportunities with a meticulously engineered process designed to layer incremental value at every stage, including portfolio construction, execution, and risk management; collectively, the alpha generation process.
Equity Market Neutral (EMN)–A pure expression of our alpha generation process without market beta exposure. It seeks to add diversification and return enhancement in a similar risk-controlled manner (without altering overall equity market exposure) and is available in funded or unfunded formats.
Whether the objective is to anchor an equity allocation, implement a portable alpha strategy or add a source of pure alpha generation to a portfolio, our scalable active equity solutions are designed to offer the persistent excess returns, managed risk characteristics and institutional precision that sophisticated investors require.
Tax-Aware Direct Indexing
Separately managed equity portfolios that maintain benchmark-oriented exposure while allowing gains, losses and dividends to be managed around client-specific tax and accounting objectives.
Learn more about Tax-Aware Direct Indexing
We build separately managed equity portfolios that maintain benchmark-oriented exposure while allowing gains, losses and dividends to be managed around client-specific tax and accounting objectives. Our active approach includes turnover management, dividend management and loss harvesting, targeting after-tax alpha within a broadly diversified, low-tracking-error structure. Even in a rapidly rising market, portfolios may contain securities whose market value is less than cost, and we are positioned to act on those opportunities as they arise.
NISA’s Equity Strategies
A NISA portfolio manager on managing fixed income risk across market environments.
Equity Perspectives
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Why NISA
Our Distinguished Approach
We partner with clients to build tailored solutions in pursuit of unique goals. Our style seeks consistent outcomes with high-quality, risk-adjusted returns.
Authentic Alpha
Actively managing specialized strategies across asset classes and markets, emphasizing diversification and proven processes that strive to deliver consistently high information ratios.
Beta Optimization
Capturing targeted market exposures efficiently, minimizing uncompensated risks and identifying opportunities created by structural gaps in market conditions.
Strategic Partnership
Cultivating enduring partnerships that reflect a deep understanding of client objectives with portfolios designed to deliver strategic outcomes.
Partner With NISA
Discuss Your Portfolio Objectives with Us
Portfolio losses are realized with the assumption that the client will use these losses to offset gains. To the extent the client does not have gains available to offset in the current period, the value of the tax benefit of such losses will be less than reported.
There is no assurance that the investment strategies will be successful. Investing involves many risks, including market-based risk, and it is possible to lose money.
Investment in quantitative equity strategies is speculative and involves significant risks and potential conflicts of interest due to, among other things, the strategy’s investments. The strategy may be subject to wide swings in value. The Investment Manager will follow an investment strategy that, if unsuccessful, could involve substantial losses for investors. Although the Investment Manager has the flexibility to react to changing market conditions, changes in market conditions or an investment’s situation could nevertheless involve substantial losses. The Investment Manager makes no guarantee, either oral or written, that the strategy’s investment objective will be achieved.
The strategy may obtain leverage by, among other methods, borrowing, purchasing securities on margin and purchasing or entering into derivative investments that are inherently leveraged, such as options, futures, forward contracts, repurchase and reverse repurchase agreements and swaps. The effect of leverage with respect to any investment in a market that moves adversely to such investment could result in a loss that would be substantially greater than if the investment were not leveraged.
The Investment Manager may sell securities short in the strategy. Short selling is subject to a theoretically unlimited risk of loss because there is no limit on how much the price of a security may appreciate before the short position is closed out. There can be no assurance that the securities necessary to cover the short position will be available for purchase. In addition, purchasing the securities to close out the short position can, in itself, cause the price of the relevant securities to rise further, thereby increasing the loss incurred.