Club Plus has appointed Jana Investment Advisers as its asset consultant after terminating its agreement with Mercer Investment Consulting.
The decision followed a strategic review of the fund last year.
"We looked at the structure of the fund and decided to run a full-blown asset consulting tender," Club Plus chief executive Paul Cahill said.
"Mercer was very good. Jana, however, appeared to suit our needs going forward. The board also considered Jana to be industry experts, given that their bread and butter are industry funds."
The fund is currently reviewing its international equities portfolio and will also be conducting a review of alternative assets, Cahill said.
Last year, the fund also overhauled its Australian equities portfolio.
The fund terminated its existing managers but retained BT Financial Group. The new managers include Ausbil Dexia, Dimensional Fund Advisors, Perennial Investment Partners and Tribeca Investment Partners.
The fund has about $1.4 billion in funds under management.
