Category: NISA in the News
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Stephen Featured on Bloomberg Podcast Series
NISA’s Chief Economist Stephen Douglass joined Ira Jersey, Bloomberg Intelligence’s Chief U.S. Interest Rate Strategist, on the latest edition of FICC Focus’s Macro Matters podcast. Stephen shares his view that the U.S. economy remains broadly on a soft-landing path, though the war will delay further rate cuts by the Federal Reserve. The conversation covers a…
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MarketWatch Quotes Stephen Douglass
As Federal Reserve Chair Jerome Powell prepares for the final press conference of his tenure, bond markets are feeling the pressure of rising oil prices tied to the ongoing Iran war. Brent crude futures have climbed back above $109 a barrel, unsettling Treasury markets and keeping borrowing costs elevated. Stephen Douglass, Chief Economist at NISA,…
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The Insightful Investor Podcast Features David Eichhorn
A recent episode of The Insightful Investor with Alex Shahidi featured David Eichhorn’s perspective on navigating financial markets. Much of the discussion centered on ideas that have guided NISA from the beginning: leading with clients’ best interests, grounding decisions in rigorous research and advising honestly about where NISA’s expertise begins and ends. David emphasized the…
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Fed Hits Pause Likely Until the Fall
March’s inflation report came in close to expectations, but the details tell a more complex story for the Federal Reserve. Surging energy prices drove an increase in headline inflation, and core goods prices accelerated despite waning tariff effects. NISA’s Chief Economist, Stephen Douglass, noted that the Fed is firmly on hold as the Fed awaits…
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“Much of Fixed Income Alpha is Really Beta: CEO”—Fundfire’s Interview with David Eichhorn
NISA CEO and Head of Investment Strategies, David Eichhorn, describes NISA’s “true alpha” approach to fixed income investing in a recent Fundfire interview. David explains that, unlike many managers who use “alpha” and “excess return” interchangeably, NISA takes a more purist approach: Fundfire subscribers can watch the ~three-minute video or read the full transcript here.
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P&I Interviews NISA’s CEO: Discussing Alpha, Private Credit and Pension Risk
CEO and Head of Investment Strategies, David Eichhorn, spoke with Pensions & Investments, sharing his views on some of today’s most pressing topics for institutional investors. David makes the case for why the “Sell America” narrative is overdone and offers his longstanding perspective on pension risk transfers. He also digs into the economics of leverage…
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David Eichhorn Featured in Barron’s
Barron’s recently examined the growing pressures facing private credit markets from rising financing costs and widening bond spreads to elevated redemptions across Business Development Companies (BDCs). With BDC bond yields climbing to an average of about 6.5% and public BDC share prices down 15% this year, the economics of leverage in private credit are shifting.…
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David Eichhorn Speaks with Fundfire on NISA’s Approach to Asset Owner Partnerships
CEO and Head of Investment Strategies, David Eichhorn, interviewed with Fundfire to discuss the firm’s approach to cultivating relationships with asset owners and why NISA’s approach to engaging with potential clients doesn’t quite fit the industry’s model for “distribution.” Fundfire subscribers can watch the video or review the full transcript here.
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NISA’s Stephen Douglass Featured in the Financial Times
Our Chief Economist, Stephen Douglass, was quoted in the Financial Times this week, offering his perspective on how the Federal Reserve may navigate the economic fallout from the ongoing conflict in the Middle East. With higher oil prices expected to contribute to a stagflationary environment, the Fed faces the difficult challenge of addressing both inflation…
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Stephen Douglass Quoted in the Wall Street Journal on Key Inflation Divergence
NISA’s Chief Economist Stephen Douglass was recently quoted in a Wall Street Journal article examining the growing divergence between two key inflation measures—the Consumer Price Index (CPI) and the Personal Consumption Expenditures index (PCE). The article explores why the two gauges are currently telling very different stories about inflation, and what that means for the…