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Alternative Market Briefing

Assets: Macquarie Pastoral Fund`s AUM now at €373m, outlook for 2008 positive, Highland Capital raises $1bln to buy bank debt, CDOs

Monday, March 10, 2008

Opalesque Exclusive: Macquarie Pastoral Fund`s AUM now at €373m, outlook for 2008 positive Australia’s Macquarie Pastoral Fund today released its outlook for 2008 with a positive expectation for livestock production putting the fund in a position of strength to capitalise on strong manufacturing conditions. The Macquarie Pastoral Fund has now reached €373m in investments and committed funds.

… The Macquarie Group’s strategy is to expand selectively and enter markets only where its particular skills and expertise deliver real value to clients. This approach provides the strategic flexibility to enter new sectors as opportunities arise and to respond to the specialist requirements of individual markets.

The Macquarie Pastoral Fund is currently in the process of increasing its land holdings along the Australian eastern seaboard in the expectation of improving long term conditions. The Fund is the first globally available institutional Australian-based agricultural fund that combines the production of beef and sheep meat with the aim of meeting an increasing worldwide demand.

Through its operating company, Paraway Pastoral Company Limited, it is in the process of creating a portfolio of land and livestock enterprises of such a scale and spread throughout Australia that it will be able to capitalise on the potential future growth in world demand, while leveraging some of Australia's natural competitive advantages, including disease free status, prox......................

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