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Article: Macquarie looks for growth, opportunistic plays.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Robert Harley
Nov 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Real estate remains a vital part of the operations of Macquarie Group. Its Real Estate Banking division posted a loss of $A56 million for the first half of 2009-10. Its assets under management fell by 30 per cent to $A10.7 billion, affected by the strong Australian currency. Michael Carapiet, of Macquarie Capital, said that real estate is spread through the business. Future ...