Saturday, 25 April 2015
Last updated 21 hours ago
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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…