Macquarie withdraws from S&P review
Macquarie Group has announced the withdrawal of its Professional Series from Standard & Poor's (S&P) 2012 Global Equity Review.
This comes as a consequence of S&P closing its Australian retail ratings offering in October this year.
Head of Macquarie Professional Series, Adrian Stewart, said the business had enjoyed a "long and professional relationship" with S&P and that Macquarie was sorry to see them leave the market.
"They have been a strong ratings house which offered the Australian financial planning industry high quality research and ratings across a large universe of funds," Stewart said.
Macquarie has picked up several S&P Fund Manager awards in the past few years, including categories such as global equities developed markets and alternatives.
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