Australia-based Macquarie Asset Management (MAM) said that its assets under management increased to A$453.3bn during the third quarter of the fiscal year 2015, compared to A$423.3bn at 30 September 2014.
Since first half of fiscal 2015, Macquarie’s infrastructure and real assets grew A$2.2bn in new equity, largely in Pan-Asia infrastructure.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The group’s investment management unit, Macquarie Investment Management has won A$2.1bn in new, funded institutional mandates across 14 strategies from clients in six countries.
Additionally, Macquarie Funds Group has renamed itself as Macquarie Asset Management, while the group’s fixed income, currencies and commodities has rebranded itself as Macquarie Capital and Commodities and Financial Markets.
Also, Macquarie Group is mulling potential acquisitions of commodities trading businesses, reported newspaper The Age.
Macquarie’s head of fixed income currencies and commodities division Andrew Downe told The Age that the group was interested in expanding its futures and oil businesses and would be opportunistic with any deals.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMacquarie Group MD and CEO Nicholas Moore said: "Since our result announcement for the first half of the 2015 financial year (1H15), trading conditions across the Group have continued to improve and there has been a continued weakening of the Australian dollar.
"Macquarie Securities and Macquarie Capital and Commodities and Financial Markets experienced improved trading conditions with combined December 2014 quarter net profit contribution1 up significantly on both the December 2013 quarter and September 2014 quarter," he added.
