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Showing 1 - 10 of 31 results for "Macquarie Asset Management"

MAM fund buys waste company

ANNABELLE DICKSON  |  WEDNESDAY, 2 JUN 2021
Macquarie Asset Management has acquired Beauparc Utilities from its founder and a private equity firm for an undisclosed fee. Macquarie European Infrastructure Fund 6 bought out the Dublin-based company from Eamon Waters and the Blackstone Tactical ...

Macquarie posts $3bn profit, makes hire

ANNABELLE DICKSON  |  FRIDAY, 7 MAY 2021
Macquarie Group recorded a 106% increase in statutory profit to $3 billion from the first half of the year in its full-year results and named the chief executive of Macquarie Asia. The ASX-listed group's profit was a 10% increase on FY20 and 68% ...

Macquarie finalises Waddell & Reed acquisition

KARREN VERGARA  |  TUESDAY, 4 MAY 2021
Macquarie Asset Management has completed the acquisition of NYSE-listed Waddell & Reed Financial. Overall, Macquarie paid $2.3 billion for Waddell & Reed Financial, an asset management and financial planning company based in Kansas, flagging the acquisition ...

Executive shuffle at Macquarie Group

ELIZA BAVIN  |  TUESDAY, 9 FEB 2021
... Announced as part of Macquarie's results today, Martin Stanley will be stepping down as group head of Macquarie Asset Management (MAM) after 16 years in the role. Ben Way is set to step into the position of group head of MAM and join the executive committee ...

Macquarie acquires US wealth manager

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
Macquarie Asset Management has entered into an agreement to acquire US-based asset and wealth manager Waddell & Reed Financial, Inc with further plans to offload part of the business to an advisory firm. The transaction values Waddell & Reed Financial ...

Macquarie profits slide 32%

KANIKA SOOD  |  FRIDAY, 6 NOV 2020
... our clients and customers and in delays to realising assets from pour balance sheet and our funds." Macquarie Asset Management, which contributed 47% of the net profit, was impacted by lower Macquarie AirFinance income and lower performance fees. This ...

Macquarie fired 32 people in "consequence management"

ELIZABETH MCARTHUR  |  THURSDAY, 30 JUL 2020
... with the operating group's net profit contribution slightly down on the first quarter of last year. Macquarie Asset Management had $568 billion in assets under management at 30 June 2020, down 5% on 31 March 2020. "Macquarie remains well positioned to ...

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
... AMP Capital (5.2%) swapped the second and third spot in the year ending March They are followed by Macquarie Asset Management with 4.9% of the $2.5 trillion market.

Major firms criticised for substandard RI approach

HARRISON WORLEY  |  TUESDAY, 10 MAR 2020
... and J.P. Morgan Asset Management. Just one Australian asset manager made the list, the $368 billion Macquarie Asset Management. The firm ranked 55th among the 75 asset managers on the list, scoring a D. While the report highlights ShareAction's disappointment ...

Macquarie wealth fees income down 14%

KANIKA SOOD  |  FRIDAY, 1 NOV 2019
... after tax of $1.46 billion for the first half this morning. This includes its four operating groups: Macquarie Asset Management ($1.12 billion net profit contribution from 1H 19), banking and financial services ($385 million, up 2%), Macquarie Capital ...
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