Macquarie fund cleans-up
Bruce Murphy
Superannuation funds and institutional investors from Australia, North America and Europe have been the key investors in the Macquarie Funds Management Group’s Clean Technology Fund.
Announcing the pending second close of the fund in four weeks time, Macquarie Funds Management head of distribution Bruce Murphy said a total of US$153 million had been invested in the strategy to date.
He said the fund was targeting wholesale superannuation fund investors looking for private equity ‘fund of funds’, which provide exposure to a rapidly growing international sector.
Murphy said that the fund had a diversified mix of investments across various fund managers, geographical locations, investment stages and clean energy sectors.
AUTHOR
Mike Taylor
Recommended for you
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
Australian investors are more confident than their APAC peers in reaching their financial goals and are targeting annual gains of more than 10 per cent, according to Fidelity International.
Zenith Investment Partners has lost its head of portfolio solutions Steven Tang after 17 years with the firm, the latest in a series of senior exits from the research house.
