The purpose of the NZSF is to address the future pension/superannuation liabilities of an increasingly aging New Zealand population. The long-term, global investment fund is expected to continue to grow until it peaks in size in the 2070s. To support its complex cross-asset portfolios and diverse investment strategies, NZSF wanted to optimise its front-office and risk management practices. NZSF’s goal was to achieve a unified view across multiple asset classes in order to increase diversification and transparency into investment performance and risk characteristics. Following a rigorous selection process involving several risk technology providers, NZSF chose Quantifi to support its portfolios consisting of financial and non-financial instruments including timber, forest, land etc.
“NZSF required an advanced front-office and risk management solution which utilises new technology for ease of integration and a low cost to market. Quantifi’s open, extensible architecture, corporate flexibility and proven implementation capabilities made it an ideal fit for its business,” comments Avadhut Naik, Head of Product, Quantifi. “Quantifi’s depth of functionality, speed of analytics, asset coverage and ability to generate scenarios strengthens the funds risk management capabilities across all risk disciplines. With Quantifi as its strategic risk infrastructure, NZSF can optimise operational efficiency with a leaner, more robust system architecture,” continues Avadhut.
Quantifi provides NZSF with a consolidated view of credit, liquidity and fund risk. Forward looking scenario analysis, with application of fund responses, allows the fund to assess impacts on key liquidity and credit risk measures based on future series of market shocks. NZSF can also factor in intelligent fund responses as part of that analysis to take advantage of favourable market movements. Fully customisable user permissions and audit trails helps reduce operational risk.
“We are delighted to welcome NZSF to our growing global client base. This is an important win for Quantifi as it further expands our presence in the Asia Pacific region. The growing complexity of the wealth management industry has driven firms to adopt next-generation risk management systems, like Quantifi, that can seamlessly integrate with existing systems and processes. They also require a flexible technology architecture that can be adapted to cater for multiple business requirements. We look forward to supporting NZSF in achieving its strategic objectives,” comments Roland Jordan, Head of EMEA and Asia Pacific Sales, Quantifi.
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Notes to Editors
Quantifi is a provider of risk, analytics and trading solutions. Our award-winning suite of integrated pre and post-trade solutions allow market participants to better value, trade and risk manage their exposures and respond more effectively to changing market conditions.
Founded in 2002, Quantifi is trusted by the world’s most sophisticated financial institutions including five of the six largest global banks, two of the three largest asset managers, leading hedge funds, insurance companies, pension funds and other financial institutions across 40 countries.
For further information, please visit www.quantifisolutions.com
About New Zealand Superannuation Fund
The New Zealand Superannuation Fund invests money, on behalf of the New Zealand Government, to help pay for the increased cost of universal superannuation entitlements in the future. By doing this the Fund adds to Crown wealth, improves the ability of future Governments to pay for National Superannuation, and ultimately reduces the tax burden on future New Zealanders of the cost of superannuation.
A long-term, growth-oriented investor, the Fund has around NZ$35 billion in assets, including $5 billion invested in New Zealand. The Fund is managed by the Guardians of New Zealand Superannuation. The Guardians, an Auckland-based organisation, has a track record as one of the most innovative, responsible and transparent institutional investors globally. As well as working with more than 40 external investment managers, the Guardians also undertakes a range of investment activities in-house.
For further information, please visit www.nzsuperfund.co.nz