Find insights from NCPERS members originally published in our quarterly educational journal. Find out how to submit articles here.
While AI can improve planning through data analysis, risk monitoring, and operational efficiency, it cannot overcome the fundamental uncertainty of investing or reliably predict the future. Continue Reading
There is a generational opportunity for U.S. governments to partner with investors of Australian pension capital to build the infrastructure that Americans will rely on into the future. Continue Reading
Even stable pension plans are continually evolving as participants relocate, retire, and experience life changes. While each event may seem minor, their cumulative impact can significantly affect data accuracy and plan governance. Continue Reading
As AI reshapes the macroeconomic landscape, pension fund leaders should understand how this investment cycle is influencing inflation, employment, and fixed income markets. Continue Reading
Large pension systems should move beyond evaluating private markets solely against public market benchmarks and incorporate peer-based and PME benchmarking to better assess manager skill, portfolio construction and governance effectiveness. Continue Reading
Infrastructure exposure is often associated with private (unlisted) funds that own assets directly. But listed infrastructure — the equities of publicly traded companies that own and operate similar essential, long-lived assets — can be an effective complement to private exposures. Continue Reading
The Total Portfolio Approach (TPA) represents a shift from rigid asset allocation to a flexible, opportunity-driven framework that can improve agility and capital efficiency, but requires strong governance, culture, and investment capabilities to succeed. Continue Reading
This article focuses on the importance of pension funds creating a clear AI strategy, defined before they start using an AI tool. Funds that create an organizational roadmap and set up a governance structure will find it much easier to navigate the constantly shifting world of AI. Continue Reading
This article helps pension fund members understand how private real estate’s income profile compares favorably to bonds, offering similarly stable and predictable cash flows but with the potential for higher returns. Continue Reading
In direct lending, manager selection is a critical driver of risk, return, and portfolio resilience. This article highlights the importance of evaluating managers based on where they invest and their credit underwriting discipline, including their avoidance of PIK income, and how rigorously they str Continue Reading
Retirement and pension administrators face growing pressures from rising transaction volumes, regulatory demands, cybersecurity risks, and increasing expectations for digital services, making modernization a strategic necessity rather than just a technology upgrade. Continue Reading
The traditional stock-bond relationship has weakened in recent years, leaving investors without a reliable diversifier. Lower middle-market private credit offers a structurally sound alternative. Continue Reading
