Legal sector superannuation fund legalsuper has changed its mandate for Integrity Investment Management from the firm's broad Australian equities strategy to its concentrated value approach.
The change of the $110 million mandate was made last month and was part of a wider review initiated last year that resulted in a revision of the fund's benchmarks, legalsuper chief executive Andrew Proebstl said.
"The outcome of the review was that we wanted to be slightly more aggressive."
Legalsuper currently has mandates only with active managers, but Proebstl said the fund might have to introduce index strategies at some point in time to comply with the proposed MySuper regime.
"The only way you get the fees down is to introduce passive strategies," he said.
He said he expected to make a decision on what the fund's MySuper offering would look like later this year.
