JANA Investment Advisers has been hired as the asset consultant for the $10 billion Telstra Super fund.
Following the appointment, the corporate super fund has terminated its agreement with its existing consultant, Russell Investments, after 15 years of service.
Russell, however, remains the fund's actuary.
The decision to evaluate its asset consultant began in November 2008.
"We made a strategic decision to evaluate the market for the asset consultant that would best meet our changing requirements," Telstra Super chief executive Martin Crowe said.
JANA was chosen because of its expertise, depth and quality of its research and history of providing advice that resulted in sound investment returns over the long-term for clients, according to a statement from the fund.
JANA's institutional clients include AustralianSuper, Care Super, Hostplus, REST, TWU Super and the Seafarers Employees Retirement Fund.
