Article: Macquarie drops $9.2bn, with model all bull.

Byline: Scott Murdoch

Aug 31, 2009 (The Australian - ABIX via COMTEX) -- The previously celebrated "Macquarie model" of the investment bank deriving fee income from its infrastructure satellite funds is no longer lucrative. The total provisioning Macquarie had to make on the entities during 2008-09 was $A9.27bn. Separation of the parent and the off-shoots is now on the agenda, with investors in Macquarie Airports for example expected to support a deal that would bring the management control in-house in return for a final payment to ...

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