Macquarie Launches Down Under Mortgage Fund

Aug 20 2008 | 1:38pm ET

Macquarie has launched a A$1 billion fund to invest in residential mortgage-backed securities in Australia.

The Debt Market Opportunity Fund buys investment-grade bundled mortgages Down Under. Macquarie plans to increase the size of the fund to as much as A$10 billion over the next few years.

“There are many, many differences between the Australian sectors and the U.S. mortgage markets,” Dean Stewart, divisional director of Macquarie Funds Management, told The Australian. “There are different regulatory regimes and recourse rules to the lenders in the U.S.”

He added that the firm has received interest from “some very large investors” in the new fund.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...