Company
Macquarie Asset Management (MAM) is Macquarie's asset management business. MAM is a full-service asset manager, providing investment solutions to clients across a range of capabilities including infrastructure & renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions.
As at 31 March 2020, MAM had $A597.7 billion of assets under management. MAM has over 1,8902 staff operating across 22 markets in Australia, the Americas, Europe and Asia.
MAM has been managing assets for institutional and retail investors since 1980 in Australia and 1929 in the US, through a predecessor firm, formerly known as Delaware Investments.
The evolution of valuation metrics in determining whether a company’s stock is cheap or expensive is a topic we explored in “Evolve or perish: The evolution of company valuation,” which included discussion of the shortcomings of book yield in the post-digital era. Now we turn to the recent relative underperformance of value stocks and provide our views on their outlook: Will value be great again?
Macquarie Infrastructure and Real Assets is a leader in alternative asset management worldwide, specialising in infrastructure & renewables, real estate, agriculture, transportation finance and private credit via public and private funds, co-investments, partnerships and separately managed accounts. Investing regionally with expert local investment and asset management teams, its client base is primarily institutional investors, including global pension and superannuation funds, other institutions and governments.
Macquarie Investment Management is a global active manager with offices in the United States, Europe, Asia, and Australia. Its conviction-based, long-term approach provides investment solutions across a variety of equity, fixed income, multi-asset, and specialty asset classes. In the US, retail investors recognise Delaware Funds® by Macquarie as one of the longest standing mutual fund families, with MIM tracing its roots back to an investment management firm established in 1929.
Martin Stanley, Head of Macquarie Asset Management
London / Madrid 20 January 2020
