Saturday, 20 December 2014
Last updated 1 day ago
Mar 21 2013 | 1:04pm ET
Australia's Macquarie Capital is not bound by the U.S. Volcker rule's restrictions on bank's private-equity activities. So it's tripling down—and more—on its business in the country.
Macquarie tripled its p.e. investments in the U.S. over the past 18 months. And it plans to put even more money in this year, picking up the slack left by U.S. banks' Volcker-challenged merchant-banking businesses and deploying its own capital.
"We have committed US$8 billion of debt into deals in the past 18 months and that will accelerate," Jorge Mora, U.S. head of financials sponsor at Macquarie, told Financial News.
"Macquarie has a unique platform as we co-invest with clients and do not compete with them," Mora added. "We can put capital into deals from our strong balance sheet as the bank has surplus equity even after a buyback."
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.