Equity write downs continue to plague Macquarie(3)

Nearly A$1.5 billion (€825 million; $1.1 billion) in write downs of equity investments continued to sour Macquarie Group’s earnings as the world’s largest private manager of infrastructure assets posted a 52 percent decrease in profit to A$871 million for its 2009 fiscal year. The firm also executed an A$540 million private placement of shares in Australia, […]