Serial networker

摘要

Why is Macquarie Bank so keen on roads, pipelines and waterworks? Last week Macquarie, Australia's biggest investment bank, added to its A$14 billion ($9.7 billion) infrastructure empire, joining a consortium that bought the Welsh gas-distribution network from Britain's National Grid. Infrastructure accounts for more than a quarter of the assets managed by Macquarie and its funds, several of which are listed on the Australian stock exchange. Macquarie has stakes in everything from tunnels in South Korea to an expressway near San Diego and airports in Rome and Sydney.