Asset Management

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How Your Public DB Plan Compares At Year-End 2025
How Your Public DB Plan Compares At Year-End 2025

This article provides public Defined Benefit (DB) plan fiduciaries with the data to benchmark their plans compared to peer plans, over time and by size. Continue Reading

Date posted06/8/2026


Safeguarding Pension Assets in Turbulent Markets Through Affordable Housing
Safeguarding Pension Assets in Turbulent Markets Through Affordable Housing

The article argues that investing in affordable housing can generate market rate returns, especially as downside protection in a turbulent market. Affordable housing is emerging as a resilient, alpha-generating real estate strategy due to powerful economic and demographic trends. Continue Reading

Date posted06/3/2026


Closing Loopholes in Investment Policy Statements
Closing Loopholes in Investment Policy Statements

The article examines how multi‑layer asset allocation ranges can help institutional investors close unintended risk gaps in their investment policy statements. Continue Reading

Date posted05/28/2026


The Strategic Case for Lower Middle Market Asset-Backed Finance
The Strategic Case for Lower Middle Market Asset-Backed Finance

Learn why lower middle market asset backed finance may be a compelling addition to pension fund portfolios, offering attractive yields, granular collateral, and embedded downside protection. Continue Reading

Date posted05/26/2026


Why Japan's Structural Story Has Years to Run
Why Japan's Structural Story Has Years to Run

Learn about Japan’s structural transformation and explore thematic opportunities for investors. The article also highlights the potential of active management in a market riddled with inefficiencies. Continue Reading

Date posted05/15/2026


Beyond U.S. Exceptionalism
Beyond U.S. Exceptionalism

In today’s volatile markets, pension funds can strengthen portfolio resilience by diversifying alternative credit allocations across geographies and asset classes, reducing overreliance on any single market. Continue Reading

Date posted05/11/2026


Six Questions for Fiduciaries Navigating Regulatory Change and Alternative Investment Uncertainty
Six Questions for Fiduciaries Navigating Regulatory Change and Alternative Investment Uncertainty

In November 2025, I published an article for NCPERS members titled Initial Fiduciary Considerations for Offering Alternative Investments in Participant-Directed Defined Contribution Plans. A lot has changed in the five months since. Continue Reading

Date posted05/5/2026


Building Conviction in a World of Shifting Narratives
Building Conviction in a World of Shifting Narratives

By: Chandan Khanna, William Blair Investment Management Portfolio Manager Chandan Khanna explains why William Blair believes global markets present a landscape of opportunity for equity investors despite macroeconomic headwinds. Global markets present a landscape of opportunity for equity... Continue Reading

Date posted05/1/2026


Bridging Chicago's Pension Gap Through Strategic Land Disposition
Bridging Chicago's Pension Gap Through Strategic Land Disposition

At the 2025 Public Pension Funding Forum, Melodie Slaughter and Hassaan Ul Haq competed in the inaugural NCPERS-Harris Pension Lab: NextGen Competition. In this article, they share insights from their winning proposal and reflect on the experience of tackling one of Chicago's most pressing fiscal ch Continue Reading

Date posted04/15/2026


The Strategic Mandate: Why Leading Fiduciaries Are Embracing REITs
The Strategic Mandate: Why Leading Fiduciaries Are Embracing REITs

The article argues that institutional real estate investing is shifting away from an overreliance on private assets toward integrating REITs as a core “portfolio completion” tool under Total Portfolio Allocation frameworks. Continue Reading

Date posted04/13/2026


Lower Middle-Market Direct Lending: A Source of Alpha and Low Market Correlation with Potential Tax
Lower Middle-Market Direct Lending: A Source of Alpha and Low Market Correlation with Potential Tax

This article discusses the current state of U.S. private debt and how the lower middle-market can offer a differentiated and diversifying opportunity defined by inefficiency, stronger covenants, and more conservative leverage structures. Continue Reading

Date posted04/6/2026


Farmland: Real Estate at Its Core
Farmland: Real Estate at Its Core

Leased U.S. farmland is a pure form of real estate that delivers stable income, long‑term appreciation, and strong inflation sensitivity, while being driven by enduring demand for food, fuel, and fiber rather than economic cycles. Continue Reading

Date posted04/3/2026