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JANA in, Russell out at Telstra Super
Telstra Super has handed JANA Investment Advisers its asset consulting mandate, supplanting Russell Investments in the role.
The mandate was announced by Telstra Super chief executive Martin Crowe, who said it followed an extensive selection process begun in November last year.
He said that review had been conducted by consultant Tom Babic, who had been tasked with reviewing only top tier asset consulting firms.
In announcing the change, Telstra Super said it ended a 15-year relationship with Russell as an asset consultant but that Russell would be continuing as the fund’s actuary.
AUTHOR
Mike Taylor
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