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Macquarie Faces Headwinds: Shares Slide with Asset Concerns

Macquarie Group, Australia’s largest investment bank, saw its shares decline by over 2% as it provided a cautious outlook for its asset management division.

The bank expects the division to face ongoing economic challenges in the first half of 2024. Photo: Getty Images
The bank expects the division to face ongoing economic challenges in the first half of 2024. Photo: Getty Images

Macquarie reported a 3% decrease in its private markets’ assets under management (AUM), which amounted to A$326.8 billion ($207.84 billion) as of June 30.

This decline was attributed to the expiration of co-investors’ management rights on a specific asset.

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