Welcome to Macquarie Funds Group

The Macquarie Group is a leader in commodities investment. Two areas of Macquarie Group cooperate to offer commodities strategies to investors.

Treasury and Commodities Group

• Team of 40 traders/commodities experts spread around the world
• Structures commodity linked notes and swaps for investors
• Provides commodity price management solutions to global client base
• Employs sophisticated trading models for hedging commodity risks

Macquarie Funds Group

• Macquarie Funds Group is a specialist in the application of VaR for the construction and management of portfolios across a wide range of asset classes and sectors.
• Systematic back-testing is conducted on all strategies considered for use.

Macquarie Funds Group offers a full range of equity strategies managed by our large and experienced team of over 50 equity investment professionals. The underlying philosophy and process has been developed over 17 years with strategies including:

• Core Australian Equities
• International Equities
• Global Thematic
• Small Companies
• High Conviction

Awards

• 2006 Morningstar Australia Fund Manager of the Year - Domestic Small Caps
• 2007 Morningstar Australia Fund Manager of the Year - Domestic Small Caps
• 2007 Morningstar Australia Fund Manager of the Year - Finalist

Macquarie Funds Group is Australia's largest cash and fixed income manager and offers a full suite of traditional and specialist products. The large and experienced team comprises over 35 investment professionals and covers all time zones with offices in Australia, United Kingdom, and United States.

Awards

• 2008 Money Management Fund Manager of Year 2008 - Diversified Fixed Interest
• 2008 Money Management Fund Manager of Year 2008 - Finalist Fund Manager of the Year
• 2008 Smart Investor Blue Ribbon Awards - Finalist Fund Manager of the Year
• 2008 Morningstar Australia Fund Manager of the Year - Fixed Interest
• 2007 Morningstar Australia Fund Manager of the Year - Fixed Interest
• 2007 Morningstar Australia Fund Manager of the Year - Finalist

Macquarie Funds Group offers fund of hedge funds constructed by a team of investment professionals with multi-cycle experience in financial markets, risk management and absolute return investing. The team uses a disciplined investment process which includes:

• An integrated approach encapsulating top-down and bottom-up considerations
• Qualitative investment methods supported by risk assessment and management
• Investment guidelines in order to remain true to the mandate
• Uncompromising due diligence process on underlying investments
  • Combines investment and business/operational considerations
  • Independent operational / business due diligence (with veto power)
• Independent risk monitoring

Macquarie Group is a leading sector specialist in global infrastructure with over 13 years of experience in this asset class and one of the world's largest infrastructure teams with over 1,200 staff in the advisory and specialised funds management business globally.

Macquarie Capital Investment Management is an asset manager within the Macquarie Funds Group which specialises in listed infrastructure securities and is a separate business unit within Macquarie Group. The team is based in Sydney and New York and manages 16 portfolios in 10 countries as at 31 December 2008.

Macquarie Funds Group has been managing private equity fund of funds since 1996. It is a leading private equity fund of funds manager in the Asia Pacific region with a team of 25 dedicated professionals who manage and service approximately $US4.9 billion of private equity funds on behalf of institutional investors.

The team has private equity funds management staff located in five offices around the world in Sydney, Melbourne, Carlsbad, Hong Kong and London.

Macquarie Funds Group has a dedicated and experienced global real estate securities team with investment personnel on the ground in the four major regions (US, Europe, Asia and Australia).

Our differentiated investment process recognises that real estate securities are driven by local factors and that tailored stock selection processes in each region are required in order to capture local drivers.

We offer high conviction regional portfolios with portfolio managers that are accountable and responsible for performance and stock selection processes in their respective regions.

Macquarie has expanded selectively globally in resources, seeking only to enter markets where our particular skills and expertise deliver real advantages to clients. As a result, we have established leading positions in a diverse range of markets.

Macquarie wide resources expertise can be found in areas including:

• Commodity Research
• Metals Trading
• Commodity Hedging
• Senior Debt and Subordinated Debt
• Convertible/Mezzanine Finance
• Principal Equity Investments
• Foreign Exchange
• Private Client and Institutional Stockbroking
• Equities Research
• Equity Capital Markets
• M&A Advisory
• Working Capital & Overrun Facilities

Macquarie Funds Group provides a full spectrum of structured fund solutions to retail and wholesale clients through its market-leading Structured & Specialist Investments division.

The division employs almost 100 structuring, operation and distribution staff across Australia, Asia, Europe and North America and has a diverse range of capabilities. It is able to take on principal equity and trading risk, as well as provide advice on structural efficiency in connection with fund derivatives and structured investment solutions for accessing funds.

Key features of Structured Products

• Access Solutions
  Structured solutions which provide exposure to an underlying fund or fund portfolio not generally available for direct investment by retail investors.
• Tailored Investment Returns
  Using derivatives to alter the pay-off from funds and fund portfolios to meet clients needs.
• Emulation Strategies
  Providing tailored strategies similar to structured products whilst eliminating credit risk on the structured product issuer.