Macquarie’s pioneering funds model under pressure
Reuters – Australian investment bank Macquarie Group Ltd has managed to quell concerns on its capital position but is now bracing for its next big challenge of the global credit crisis: how to prevent its world-renowned specialist listed-funds model from crumbling.
Macquarie pioneered the specialist listed funds model in the early 1990s, encouraging even some Wall Street investment banks to follow suit. Fees from managing specialist funds made up 13.3 percent of Macquarie’s total income in the year to March 31, 2009.
Read Complete Article
About the HedgeCo News Team
The Hedge Fund News Team stays on top of breaking news in the Hedge Fund industry on an hourly basis.
Signup to HedgeCo.Net to recieve Daily or Weekly news updates from our team.
This entry was posted in Syndicated
and tagged australian investment
, capital position
, macquarie group
, renowned specialist
, specialist funds
, wall street
, wall street investment
. Bookmark the permalink