Macquarie Group has reported A$379.3 billion in assets under management at 30 June 2013, this being up A$35.8 billion on 31 March 2013.
The company said that the increase was mainly driven by foreign exchange movements and investment of MIRA funds, partially offset by negative market movements and MIRA asset disposals.
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The quarterly results included performance fees of approximately A$65 million, predominantly from Macquarie Infrastructure Company, Macquarie Atlas Roads and Macquarie Korea Opportunities Fund.
Macquarie said that the firm remains very well capitalised with APRA Basel III Group capital of A$13.4 billion at 30 June 2013, a A$2.8 4 billion surplus in excess of Macquarie’s minimum regulatory capital requirements, down from A$3.1 billion at 31 March 2013.
Kevin McCann, chairman of Macquarie Group, said: "Macquarie’s performance reflected this generally improving environment. As we outlined at our full year results, Macquarie recorded a profit for the year to 31 March 2013 of A$851 million, an increase of 17% on the previous year. Earnings per share increased by 20% to A$2.51."
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