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NISA News

NISA to Launch Quantitative Equity Capability, Expanding Suite of Customized Solutions

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NISA today announced that it is incorporating a quantitative equity strategy into its suite of product solutions.

The addition of the quantitative equity strategy represents a natural extension of NISA’s established investing platform, which currently manages client portfolios including investment-grade fixed income, derivative overlay and an existing $16+ billion direct indexing equity strategy. With this new capability and dedicated team, NISA can combine its hallmark, client-centric customization with an in-demand quantitative equity solution that will be powered by the research-based, quantitatively informed fundamentals that support its foundation and overarching investment thesis.

“While we have only grown organically since our founding 30 years ago, we believe there is a need for additional high-quality quantitative equity capabilities for institutional investors and other asset owners at scale,” said David G. Eichhorn, NISA’s CEO and Head of Investment Strategies. “Today, NISA finds itself in the advantageous position to diversify by integrating an experienced quantitative strategy team, without losing focus on our core business.”

The strategy will be led by Mohan Balachandran, who returns to NISA after leading the successful development and launch of the Teacher Retirement System of Texas’ (“TRS”) Multi-asset Strategies Group. Mohan will be supported by Kyle Schmidt, Ryan Leary, Eddie Pluhar and Peter Ruymgaart, who are also joining the Firm from TRS.

While at TRS, Balachandran, Schmidt, Leary, Pluhar and Ruymgaart collectively helped oversee $16 billion of assets, as reported in May 2024, across quantitative equity and alternative risk premia portfolios seeking to generate alpha over a long-term horizon. Prior to joining NISA, Schmidt spent 12 years at TRS. Before working on the quantitative equity program, he launched the retirement system’s first directly managed, equity market-neutral strategy. Leary comes to NISA with almost a decade of experience in quantitative equity research and management at TRS, with a focus on alpha signal research.

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This material has been prepared by NISA Investment Advisors, LLC (“NISA”). This material is subject to change without notice. This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. This information is provided with the understanding that with respect to the material provided herein (i) NISA is not acting in a fiduciary or advisory capacity under any contract with you, or any applicable law or regulation, (ii) that you will make your own independent decision with respect to any course of action in connection herewith, as to whether such course of action is appropriate or proper based on your own judgment and your specific circumstances and objectives, (iii) that you are capable of understanding and assessing the merits of a course of action and evaluating investment risks independently, and (iv) to the extent you are acting with respect to an ERISA plan, you are deemed to represent to NISA that you qualify and shall be treated as an independent fiduciary for purposes of applicable regulation. NISA does not purport to and does not, in any fashion, provide tax, accounting, actuarial, recordkeeping, legal, broker/dealer or any related services. You should consult your advisors with respect to these areas and the material presented herein. You may not rely on the material contained herein. NISA shall not have any liability for any damages of any kind whatsoever relating to this material. No part of this document may be reproduced in any manner, in whole or in part, without the written permission of NISA except for your internal use. This material is being provided to you at no cost and any fees paid by you to NISA are solely for the provision of investment management services pursuant to a written agreement. All of the foregoing statements apply regardless of (i) whether you now currently or may in the future become a client of NISA and (ii) the terms contained in any applicable investment management agreement or similar contract between you and NISA.

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