- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Provider Rankings
- Assets Under Management
- Clients
- Mandates
- Provider Profiles
- Allspring Global Investments
- BlackRock, Inc.
- Capital Group
- Columbia Threadneedle Investments
- Dodge & Cox
- Fiera Capital Corporation
- Income Research & Management ("IR+M")
- Insight Investment
- J.P. Morgan Asset Management
- KeyBank
- Legal & General Investment Management America, Inc.
- MetLife Investment Management (MIM)
- NISA Investment Advisors, LLC
- Pacific Investment Management Company LLC (PIMCO)
- Parametric Portfolio Associates
- SECOR Asset Management
- SLC Management
- Voya Investment Management Co. LLC
- Wellington Management Company LLP
Past Surveys
Provider Profiles
NISA Investment Advisors, LLC
nisa.com
Summary of Offering
NISA is a leader in U.S. LDI and de-risking strategies for pension plans. NISA’s risk-controlled style, ability to customize, market presence in long-duration fixed income and derivatives and extensive experience working with pension plans/their advisers makes NISA a compelling choice for pension risk management mandates. NISA has scaled its operations and adapted to the changing market dynamics in the LDI space, serving a vast range of clients with innovative solutions at different points in their glidepath. NISA can serve as a capable, knowledgeable and innovative LDI manager offering a high-touch client-centric platform.
Client Restrictions: NISA does not have a stated minimum portfolio size, but a minimum fee may be applicable. All fees are documented in the IMA.
Business Summary (as of 06/30/2023)
| Total LDI clients | 178 |
| Total LDI mandates | 260 |
| Total LDI assets under management (US$) | $221.2B |
Regions With Active Mandates
| U.S. | |
| Canada | |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Sizes With Active Mandates
| <$500MM | |
| $500MM – $1B | |
| >$1B – $5B | |
| >$5B – $10B | |
| >$10B |
Regions With Asset Allocations
| U.S. | |
| Canada | |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Asset Classes With Asset Allocations
| Publicly Traded equities | X |
| Fixed income – Government only | |
| Fixed income – Investment grade (BBB- or higher) credit | |
| Fixed income – Below investment grade credit | X |
| Fixed income – Multisector | |
| Fixed income – Other | X |
| Cash | X |
| Private equity | X |
| Non private equity alternative investments, including real estate | X |
| Any other asset classes not mentioned above | X |