inclusive in the profit figure for investment banking is the 'funds managements' profits for macquarie's infrastructure business. infrastructure funds are housed within the investment banking division.
i think you need to re-evaluate position there... there is considerable and ongoing revenue streams from managing the infrastructure funds considering these make up the majority of Mac's funds under management.
you need to do a bit more research in future champ.
MBL
macquarie bank limited
gone in 10yrs, page-43
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