- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Vendor Details
NISA Investment Advisors, LLC
https://www.nisa.com
Summary of Offering
NISA is a leader in US LDI and de-risking strategies for corporate defined benefit (DB) pension plans. NISA’s risk-controlled style, ability to offer a high level of customization, market presence in long-duration fixed income and derivatives, and extensive experience working with pension plans and their advisers make it a compelling choice for pension risk management mandates. NISA has managed LDI strategies since its inception in 1994 and LDI is at the core of its business. NISA prides itself on industry participation and providing value to clients beyond a traditional client/manager relationship, where clients are encouraged to view NISA as an extension of internal staff.
Client Restrictions: Yes – institutional clients only; Fee minimums may apply; contact provider for details.
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 173 |
| LDI mandates as of 06/30/2021: | 242 |
| LDI assets under management ($USD) as of 06/30/2021: | $257.3B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 36 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 84% |
| Mostly Satisfied (7s and 8s) | 16% |
| Somewhat Satisfied (5s and 6s) | 0% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 9.55 |
| Meets objectives related to risk and return | 9.55 |
| Proactively provides new ideas/solutions and shares knowledge | 9.31 |
| Estimates daily liability | 8.21 |
| Has accessible investment team | 9.15 |
| Provides timely and detailed funded status attribution | 8.63 |
| Provides timely performance reporting | 9.27 |
| Offers daily interest rate hedge ratio estimation | 8.52 |
| Customizes portfolio to specific client needs | 9.47 |