AMIST Super has changed part of its international equities portfolio, terminating an existing mandate with Alliance Bernstein.

The funds in the Alliance Bernstein mandate will be re-invested with AMIST Super's existing managers including Marathon Investments, Deutsche Asset Management, Vanguard and JANA Investment Advisers.

The changes are part of the fund's core and satellite investment approach. Vanguard is the core manager for the fund.

"Our movement to a form of so-called core and satellite strategy in international equities is part of our overall reassignment of our portfolios in a way to prepare them for a future with significant dispersions of winners and losers," AMIST Super chief executive John Livanas said.

"We see opportunities in Asia and other emerging parts of the world and in certain industries. By restructuring our portfolio in this manner we can gain exposure to these opportunities while managing risk within the overall portfolio."

The fund will maintain its currency hedge for international equities, but in future will also look at other forms of hedging other than currency, Livanas said.

Last month, AMIST Super hired Megan Pham for the newly created job of chief investment officer. In the job, Pham would work closely with the fund's asset consultant JANA Investment Advisers.

"With Megan joining us and with JANA's continued support, we anticipate changes in other sectors as well," Livanas said.