The Financial Standard – Macquarie Bank’s Equity Markets Group has announced that it is combining its separate hedge fund businesses under the name MQ Specialist Investment Management (MQ) to form a combined $1 billion heavy hitter.
Greg Mackay, the head of newly formed MQ and an executive director of Macquarie Bank, made the announcement at the Alternative Investment Summit 2006 yesterday, saying MQ was aiming to become a multi-billion dollar manager offering investors products with low correlations to traditional investments.
“MQ combines the Equity Markets Group’s boutique approach to absolute return and specialist equity style funds management with Macquarie’s institutional risk management and operational framework,†Mackay said.
