The founding head of quantitative research at MIR Investment Management, Brett McElwee, has departed and been replaced by Charles Hyde, previously the head of equities research at CommSec.
According to his official MIR biography, Hyde’s CommSec role saw him act “;as a bridge between the quantitative and qualitative teams, with his academic background providing him the ability to understand how quantitative methods can be profitably exploited in equities research”;. Meanwhile, MIR’s qualitative team has changed with analyst Gillian Eagles departing, and Mark Buizen, previously portfolio manager for UBS Asset Management’s emerging companies fund, being hired. MIR recently informed clients, asset consultants and ratings agencies of the changes.
The $34 billion Brighter Super is set to shift a significant proportion of equities assets in MySuper from passive to active management. Chief investment officer Mark Rider says the move is possible because of the scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
