NGS Super has appointed Milliman Financial Risk Management as implementation manager for its derivatives execution, in a move aimed at sharpening flexibility and efficiency across tactical asset allocation and hedging programs.
Milliman said it had onboarded NGS Super onto its global derivatives execution platform, marking what it described as an expansion into full-service implementation manager services for Australian superannuation funds.
The mandate will support NGS Super’s internal tactical asset allocation program, alongside duration and currency hedging, as the fund seeks greater agility in fast-moving markets.
Milliman Australian practice leader Victor Huang said the firm was extending capabilities already used in complex hedging programs globally.
“We’re leveraging our existing infrastructure and robust operating model to deliver an implementation manager service that’s focused on providing unbiased guidance along with efficient and around-the-clock trade execution readiness from our seasoned traders sitting across Sydney, London, and Chicago” Huang said.
“What makes us unique in this space is our actuarial heritage. Our actuarial teams are deeply involved to elevate analytics, reporting and attribution for these programs.”
NGS Super senior portfolio manager, alternatives, Carson Drummond said the partnership would improve the fund’s ability to execute quickly across changing market conditions.
“When markets move quickly, having a trade execution partner that is flexible on timing, instruments, and trading venues helps us deliver better outcomes for members,” Carson said.
“The capability Milliman brings aligns with NGS Super’s focus on being nimble enough to navigate and capitalise on cross-asset volatility.”
Milliman described itself as a global provider of financial risk management services to the retirement savings industry and said the NGS Super appointment represented a step into broader implementation management offerings for local super funds
