Macquarie's Run of Record Profits Poised to Hit Hurdles: Chart

Macquarie Group Ltd., the Australian financial firm that morphed from an investment bank into the world’s largest manager of infrastructure assets, is bracing for challenges in its current fiscal year after reporting a 29 percent surge in full-year earnings. Its asset-management business is expected to post lower performance fees for the first time since Macquarie started declaring the measure in 2011, while its cyclical businesses such as trading and advisory are experiencing “subdued” conditions, it said.

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