PERSist

Find insights from NCPERS members originally published in our quarterly educational journal. Find out how to submit articles here.

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Board Governance and System Modernization: A Shared Oversight Framework for Public Pension Leaders
Board Governance and System Modernization: A Shared Oversight Framework for Public Pension Leaders

Public pension systems face growing operational, cybersecurity, and reputational risks as legacy platforms lag behind rising member expectations, regulatory scrutiny, and workforce constraints, making modernization unavoidable. Continue Reading

Date posted05/18/2026


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


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


A Structured Approach to AI Implementation Ensures Success
A Structured Approach to AI Implementation Ensures Success

Public retirement systems are moving AI from experimentation to execution. This article highlights how thoughtful planning, training, and project discipline can develop an AI strategy that helps to produce real results without relying on a single tool or vendor. Continue Reading

Date posted04/29/2026


The AI Inflection: Investing Beyond Sectors in a Thematic World
The AI Inflection: Investing Beyond Sectors in a Thematic World

Artificial intelligence is a structural force reshaping capital flows, business models and the framework investors use to understand opportunities. Continue Reading

Date posted04/27/2026


The White House Executive Order on Proxy Advisors
The White House Executive Order on Proxy Advisors

The recent Executive Order on proxy advisors does not change the rules today, although it clearly signals pressure on the proxy advisory ecosystem and on shareholder rights more broadly. Continue Reading

Date posted04/23/2026


New NCPERS Research Available — And Your Input is Needed
New NCPERS Research Available — And Your Input is Needed

NCPERS is preparing to release the 15th edition of our annual Public Retirement Systems Study — the most comprehensive benchmark of fiscal health, operational practices, and strategic priorities across the public pension landscape. Continue Reading

Date posted04/16/2026


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