The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Macquarie IM Keeps M&A Hunting Amid Thoughtful Expansion in the U.S. Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 15, 2018

Macquarie IM Keeps M&A Hunting Amid Thoughtful Expansion in the U.S.

Reported by Neil Anderson, Managing Editor

As Macquarie Investment Management prepares to buy a $4.94-billion AUM shop in Europe, additional selective M&A is still a possibility, as is some expansion here in the U.S.

Shawn Lytle, deputy global head of Macquarie IM and president of the Philadelphia-based, multinational asset manager's Delaware Funds, confirms that "selectively adding new teams and strategies" remains the third piece of Macquarie IM's strategy, alongside further penetrating the U.S. market and further globalizing the business by expanding in Asia and Europe.

"It's all part of the broader strategy ... in place for the past two years," Lytle tells MFWire. "We continue to be on the lookout for teams both in the U.S. and outside."

Macquarie IM is particularly interested in asset managers and teams whose strategies have "higher active share." Both equities and fixed income strategies are of interest, Lytle says. And Macquarie IM's "multi-boutique philosophy" means that the firm's M&A hunting is geographically flexible, when it comes to where the investment management and research teams are based.

"We want to be location-agnostic in terms of where those talented investors sit, utilizing all of the support structures and resources of Macquarie Investment Management," Lytle says. "If they're talented investors, they can sit wherever they want."

Macquarie IM's latest acquisition, ValueInvest, is a Luxembourg-based, global value equity manager. Watch for Macquarie IM to make ValueInvest's strategies available in the U.S. via separate accounts, especially to institutional clients but "potentially, if there's demand, through the wholesaler channel," Lytle says.

The asset manager worked with about $260 billion in AUM as of December 31, 2017. In terms of staffing, Macquarie IM has nearly 1,000 employees worldwide, including about 550 in the U.S., Lytle says.

"We're also investing in our business, in our global operations infrastructure ..." Lytle says, "and thoughtfully increasing both our client staff as well as our marketing staff ... in the U.S. even more than overseas."

"We have firmly named Philadelphia as the global headquarters for Macquarie Investment Management," Lytle adds. "We continue to build our business here from our Philadelphia base."

March 31 will mark the end of the fiscal year for Macquarie IM, which is part of the Macquarie Group, a publicly traded multinational based in Sydney, Australia.

"We're growing, and we're investing in the business," Lytle says. "Our business is growing and is very nicely profitable. We feel very fortunate in what has been a challenging environment for active management." 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. ETF.com Awards 2020, April 20
  2. The 31st Sub-Advised Funds Forum, Apr 20-21
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  5. MMI Summit 2021, Apr 21-22
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. Nicsa webinar - Diversity Data: What is at stake? Business, Reputation and Talent, April 22
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. IMEA In Session - Post-Covid Sales Coverage, April 27
  13. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  14. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  15. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  16. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  17. ICI 2021 General Membership Meeting - Day 1, May 6
  18. Emerging Manager Forum USA, May 12-14
  19. ICI 2021 General Membership Meeting - Day 2, May 13
  20. 2021 FINRA Annual Conference, May 18-20
  21. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  22. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  25. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  26. ICI 2021 Operations and Technology Conference, May 20

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use