The latest developments and trends in asset management practices for institutional investors. Find out how to submit articles on this topic here.
By: Dimensional Fund Advisors Rarely do we prioritize the lowest cost when consuming goods and services, yet the investment industry often does. This is evident in the rise of index funds, which typically carry the lowest expense ratios in their categories—but like consumer goods, they may... Continue Reading
By: Guillaume Buell and Domenico “Nico” Minerva, Partner, Labaton Keller Sucharow LLP With pension funds frequently debating whether to invest in equities via either active management and separately managed accounts, or passive management and commingled funds, this informative article... Continue Reading
By: Michael Buchenholz, J.P. Morgan Asset Management, and David Murad, NISA Funded status alone rarely provides a complete picture of a pension system's well-being. Yet, across the country, actuaries are reporting improvements in funded status to public pension board members—many crossing... Continue Reading
By: Abhi Kane, 400 Capital Management LLC Private credit markets have grown substantially post-GFC, with Moody's projecting AUM to exceed $3 trillion by 2028. The securitized credit markets have similarly rebounded, reaching $3 trillion in 2025. While often treated as separate allocations by... Continue Reading
By: Michael Massarano, Laura Parrott, and Randy Schwimmer, Nuveen This article explores how the maturation of private credit is shaping opportunities in this dynamic, multifaceted asset class and discusses the benefits of private credit in portfolios. This is an excerpt from NCPERS Fall 2025... Continue Reading
By: Emma Norchet, T. Rowe Price Investment Management, Inc. This is an excerpt from NCPERS Fall 2025 issue of PERSist. More firms are remaining private for longer as doing so enables them to focus on long-term growth initiatives free from some of the burdens public companies face. In fact, the... Continue Reading
Maritime finance offers lenders a distinctive combination of downside protection, liquidity and high cash flow. Structuring senior secured loans as sole debt providers can allow investors to manage risk and capture attractive returns. Continue Reading
By: Nicholas Vician, TerraCap Management This article discusses the current state of the commercial real estate market and why the reset pricing that has occurred over the past couple of years could present an opportunity to generate outsized returns in future years on investments that are made at... Continue Reading
The true objective of a pension is to secure and fully fund the benefit payments in a cost-efficient manner with prudent risk. Cash flow matching is the best fit to accomplish the pension objective. This is an excerpt from NCPERS Summer 2025 issue of PERSist. Continue Reading
As other alternative investments become mainstream, the piece makes the point that it might be worth asking whether private equity (PE) — with proper safeguards and labor-conscious design — could responsibly serve as a diversification tool in 401(k) and 457 plans. With broad growing interest in inve Continue Reading
This article highlights how public equity markets have become more concentrated, U.S.-dominated, and driven by intangible-rich technology firms, reducing traditional diversification. Public pension trustees should reassess portfolio construction to address rising concentration risk and consider comp Continue Reading
By: Joanna Bewick and Christopher Tessman, Wilshire Pension fund investors can learn that while the 60/40 portfolio showed strong performance in 2024 due to a booming equity market, it is important not to underestimate the enduring benefits of diversification over the long term. By spreading... Continue Reading
