Macquarie rules on global alternatives
Macquarie Group has emerged as the world’s largest infrastructure manager of pension fund assets in new research published this week by Towers Watson.
The research revealed that Macquarie Group managed US$51.6 billion for pension funds, which made it not only the largest infrastructure manager but also the largest manager of alternative investments covered by the Towers Watson global survey.
Drilling down to the top Australian alternative managers, the research ranked Macquarie as the leader followed by QIC in 38th place, AMP Capital Investors in 39th place, Industry Funds Management in 43rd place and Dexus Property Group in 54th place.
It is a measure of Macquarie’s exposure as an alternatives manager that it also ranked on the Towers Watson research in 55th place for its real estate asset class exposure, while Industry Funds Management also gained a double listing, coming in at 77th for its private equity fund of funds exposure.
AUTHOR
Mike Taylor
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
