Orders are picking up for the Millionaires Factory

Macquarie's shift into annuity-style businesses after the GFC has resulted in solid returns, while the M&A pipeline is starting to bulge. The distribution of Sydney Airport securities suggests the group is comfortable with its higher quality, low-risk strategy.

Macquarie Group’s decision to distribute $1.4 billion of Sydney Airport securities to its shareholders provides some insight into where the group itself sees itself on the uneven journey it has made since the financial crisis.

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