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Rating:Is Macquarie Still an Acquirer in the U.S.? Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 25, 2017

Is Macquarie Still an Acquirer in the U.S.?

News summary by MFWire's editors

Shawn Lytle sees focused and unique strategies and organic growth as the key to Macquarie Investment Management's [profile] U.S. future, though he's also open to focused M&A, too.

Shawn Lytle
Macquarie Investment Management
President
"We take a rifle gun approach," with a preference for small, targeted deals, Lytle tells the Australian Financial Review's John Kehoe.

Lytle serves as president of Macquarie Group's freshly rebranded, Macquarie Investment Management unit in the Americas (formerly known as Delaware Investments). He tells the Australian paper about the Australian multinational's plans for the future in a U.S. asset management business facing the continued rise of passive management. MIM accounts for $257 billion of Macquarie Group's $362 billion in AUM. And Lytle's business is the biggest piece of Macquarie Group's asset management business; the former Delaware Investments accounts for $170 billion of MIM's $257 billion worldwide (compared to $80 billion in MIM's Australian business).

"We are at the size where we don't have to be everything to everyone," Lytle tells the paper. "We are focused on being a complement to passive management."

"We believe there will be positive returns over the next 10 years but they're going to be much more moderate," Lytle adds. "In that environment finding the right mix of active and passive strategies in order to meet return targets is going to be very important."

Lytle, the paper reports, wants Macquarie to be "offering more uniquely actively managed" U.S. products, like a concentrated large cap strategy, small cap strategies, infrastructure funds, and more. 

Edited by: Neil Anderson, Managing Editor


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