Plato Investment Management has hired a second senior portfolio manager in as many months, appointing Dr Mark Thompson to the role.
Thompson’s appointment follows the recent recruitment of Tod Kennedy from State Street Global Advisers (SSgA) as senior portfolio manager.
Thompson moved to Plato from GMO where he led research into equity valuation models and enhancements to portfolio construction for its long-short funds. He also performed senior roles at SSgA and QIC.
Both Thompson and Kennedy have previously worked with, and were recruited by, Plato’s founder, Dr Don Hamson, whilst he was at SSgA.
Plato chair and the managing director of Pinnacle Investment Management, Ian Macoun, noted that quantitative equities investing, like other investment styles, went through a rough patch during the global financial crisis but is now on its way to recovery.
“We believe quantitative equities managers are now well positioned to continue the good performance over the last 12 months,” Macoun said.
