The Transport Workers Union Super Fund (TWU Super) has replaced Mercer Investment Consulting with Jana Investment Advisers, as its asset consultant.
The decision follows the defection of Mercer's former director of consulting Tony Arnold to Watson Wyatt in February.
"We decided to bring forward our asset consultant tender following the change of team at Mercer," TWU Super chief investment officer Andrew Killen said.
Jana's experience with industry funds was also a positive factor, according to Killen.
The asset consultant's industry fund clients include AustralianSuper, Care Super, Hostplus and REST.
In July, Jana scored a mandate with The Seafarers Employees Retirement Fund (SERF).
"Our investment committee were impressed by the investment performance of Jana's clients. Jana is also prepared to make meaningful changes to the strategic asset allocation of the portfolio, while also managing the downside risk protection," Killen said.
However, there will be no major changes to the investment strategy, he said.
"We will be looking at new ideas with Jana in the coming months," Killen said.
