Industry fund Connect Super has hired Genesis Investment Management to manage a $15 million emerging markets mandate.
The appointment follows the termination of State Street Global Advisors, which was the fund's previous emerging markets manager.
"The changes were as a result of the review of our international equities portfolio," Connect Super chief executive Sean Leonard said.
The fund is currently reviewing its fixed income portfolio.
"We are currently assessing our fixed income portfolio. We are expecting some changes to the portfolio, however, we have not yet finalised the review of the sector," he said.
Connect Super has also boosted its insurance cover by 30 per cent.
Members of the fund will now have access to $72,000 of total and permanent disability cover in their default option.
