Investment consultant Mercer is undertaking a review of multi-industry fund Asset Super's asset allocation due to recent market movements.
"It is back on the radar and our asset consultant Mercer is looking at our total investment portfolio," Asset Super chief executive John Paul told Investor Weekly.
"We had them look at it last year, but the markets haven't allowed us to make any changes."
Decisions made in 2008 were revisited at an Asset Super board meeting this week.
"We had some thoughts six months ago, but the world has changed so we've had to re-look at some of those earlier discussions and see whether the managers we were considering are still performing," Paul said.
He said it was anticipated the review would be finalised by the end of May.
"We will be looking at doing it by the end of May at the latest. By that point we will have wanted to have changed a bit of money," he said.
Asset Super, which manages $1.5 billion on behalf of more than 106,000 members, appointed Mercer as its asset consultant after a tender process last year.
