The Seafarers Employees Retirement Fund (SERF) has outsourced its investment advice, hiring JANA Investment Advisers as the fund's asset consultant.
"We thought it was appropriate to employ professional expertise to managing our investment portfolio. The appointment will assist the fund to get more from our investments," SERF chief executive Peter Robertson said.
JANA will provide investment advice to both SERF and the Seafarers Retirement Fund (SRF).
Both funds were previously advised by Futureplus former chief investment officer Terry Newson.
In December 2008, SERF and SRF will merge to create Maritime Super.
The new fund will have about $3.5 billion in funds under management with around 27,000 members.
