The End Of The Road For Macquarie's Infrastructure Fund

Despite keeping its head above water and remaining profitable throughout the economic downturn, Australian global toll-road investor Macquarie Infrastructure Group (MIG) has ended up splitting its portfolio of roads into two separately listed entities. Macquarie Group remains manager of only the riskier of the two portfolios. The division is the latest in a string of measures by the investment bank to jettison yet another satellite fund, as it attempts to ring-fence the value of stronger assets during by shifting its focus towards asset management and other financial service businesses.

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