Mine Super CIO to depart fund

Mine Super has announced the resignation of chief investment officer, David Bell, after more than four years in the role.

Commenting on Bell's contribution, the $11 billion industry fund said he had been "instrumental in advancing the Fund's investment model from being consultant-led to an internally driven model".

The fund added: "David has always championed retirement outcomes, notably helping the Fund collaborate with the industry to develop the Members' Default Utility Function (MDUF), an open-architecture metric to assist the industry to design retirement outcome solutions."

Bell, who has resigned to focus on his PhD on investment management, will remain with the fund during the search for his successor.