Latest news with #MacquarieAssetManagement
Yahoo
5 hours ago
- Business
- Yahoo
UBS Raises PT on Meta Platforms (META) Stock, Maintains Buy
Meta Platforms, Inc. (NASDAQ:META) is one of the Top 10 AI and Technology Stocks to Buy According to Analysts. On June 26, UBS upped the price objective on the company's stock to $812 from $683, while keeping a 'Buy' rating, as reported by The Fly. The firm highlighted Meta Platforms, Inc. (NASDAQ:META)'s long-term opportunity to garner additional revenue due to several AI products. As per the firm, Meta Platforms, Inc. (NASDAQ:META) continues to benefit from consumer and advertiser demand for AI. Furthermore, the company is not necessarily exposed to the risks from potentially slower-than-anticipated enterprise AI spend, because it is the primary user of its own technology, added UBS. This positioning supports in insulating Meta Platforms, Inc. (NASDAQ:META) from what the firm describes as a potential capacity-demand digestion phase in the overall AI market. Some of the recent developments in the company's AI strategy include its investment in Scale AI and increased recruitment of AI talent. These were the factors UBS acknowledged while maintaining its rating on Meta Platforms, Inc. (NASDAQ:META)'s stock. Macquarie Asset Management, an investment management company, released its Q1 2025 investor letter. Here is what the fund said: 'The largest individual detractors from performance relative to the benchmark were not owning Meta Platforms, Inc. (NASDAQ:META), not owning Eli Lilly & Co., and our position in Electronic Arts Inc. Meta stock was slightly negative to end the quarter but relative to the benchmark and other communication services stock performed well. Having a zero weight relative to the large benchmark allocation hurt. We continue to follow this company closely and while we have become incrementally more constructive, we still have lingering concerns about the business model and worry the cyclical weakness in advertising spend could create further pressure.' While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds' investor letters by entering your email address below.
Yahoo
6 hours ago
- Business
- Yahoo
Macquarie Asset Management Launches Health Wave Partners, a Senior Housing Platform
Health Wave Partners strategy will focus on compelling investment opportunities in the senior housing sector Strategic partnership with Macquarie Asset Management enables investment in high-quality properties and partnerships with experienced operators in regions with strong demographic and economic fundamentals NEW YORK, June 30, 2025--(BUSINESS WIRE)--Today, Macquarie Asset Management announced the launch of Health Wave Partners, a senior housing platform with a strategy aimed at targeting investments in modern senior housing assets alongside established operators. The platform will be led by a management team that comprises: John Cobb, Chief Executive Officer Philip Kayden, Chief Investment Officer Elliot Pessis, Chief Operating Officer Sean O'Malley, Managing Director, Finance Holden Torrens, Director of Investments The management team collectively brings more than 75 years of experience in the senior housing sector and has collectively been involved in over $US50 billion worth of healthcare real estate transactions. Health Wave Partners will aim to capitalize on the strength of Macquarie Asset Management's extensive experience and demonstrated track record of growing and institutionalizing specialist operators by partnering with global institutions in an effort to seize this opportunity and deliver attractive risk-adjusted returns. Macquarie Asset Management's real estate team believes the senior housing sector is poised for growth given a shift in demographics driving demand and a current undersupply. In the U.S., the aging baby boomer generation is set to expand the population aged 80+ at the fastest pace in history, materially outpacing new senior housing supply. This shift comes as higher interest rates and building costs have led to a rapid deceleration in construction. "We have extensive experience in targeting sectors bolstered by structural tailwinds and selecting the optimal team within those sectors to partner with," said Eric Wurtzebach, Head of Real Estate for Macquarie Asset Management. "We believe Health Wave Partners is uniquely positioned to access pipeline and mitigate execution risks." "Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in regions with strong demographic and economic fundamentals," said John Cobb, CEO of Health Wave Partners. "We believe our team's expertise and strategic partnership with Macquarie Asset Management positions us for success and are excited to pursue what we believe is a strong opportunity in the market." Macquarie Asset Management has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, offering clients access to a differentiated approach and local market expertise by investing in and partnering with specialist operators to create opportunities in hard-to-access sectors. About Macquarie Asset Management Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange. All figures as of 31 March 2025. About Health Wave Partners Health Wave Partners is a Chicago-based housing platform, investing to deliver modern, best-in-class accommodation for seniors alongside experienced operators. It is supported in this goal through its strategic partnership with Macquarie Asset Management (MAM). MAM's differentiated real estate strategy focuses on investing into specialist operating platforms. Through the partnership, Health Wave Partners is supported by access to MAM's deep resources and expertise. Health Wave Partners' highly experienced team invests in high-quality properties and experienced operators in regions with strong demographic and economic fundamentals to deliver compelling risk-adjusted returns. View source version on Contacts Lee +1-347-302-3000 Rachel +1-310-800-4512 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
6 hours ago
- Business
- Business Wire
Macquarie Asset Management Launches Health Wave Partners, a Senior Housing Platform
NEW YORK--(BUSINESS WIRE)--Today, Macquarie Asset Management announced the launch of Health Wave Partners, a senior housing platform with a strategy aimed at targeting investments in modern senior housing assets alongside established operators. The platform will be led by a management team that comprises: John Cobb, Chief Executive Officer Philip Kayden, Chief Investment Officer Elliot Pessis, Chief Operating Officer Sean O'Malley, Managing Director, Finance Holden Torrens, Director of Investments The management team collectively brings more than 75 years of experience in the senior housing sector and has collectively been involved in over $US50 billion worth of healthcare real estate transactions. Health Wave Partners will aim to capitalize on the strength of Macquarie Asset Management's extensive experience and demonstrated track record of growing and institutionalizing specialist operators by partnering with global institutions in an effort to seize this opportunity and deliver attractive risk-adjusted returns. Macquarie Asset Management's real estate team believes the senior housing sector is poised for growth given a shift in demographics driving demand and a current undersupply. In the U.S., the aging baby boomer generation is set to expand the population aged 80+ at the fastest pace in history, materially outpacing new senior housing supply. This shift comes as higher interest rates and building costs have led to a rapid deceleration in construction. 'We have extensive experience in targeting sectors bolstered by structural tailwinds and selecting the optimal team within those sectors to partner with,' said Eric Wurtzebach, Head of Real Estate for Macquarie Asset Management. 'We believe Health Wave Partners is uniquely positioned to access pipeline and mitigate execution risks.' 'Health Wave Partners will focus on investing in what it views to be high-quality properties and partner with experienced operators in regions with strong demographic and economic fundamentals,' said John Cobb, CEO of Health Wave Partners. 'We believe our team's expertise and strategic partnership with Macquarie Asset Management positions us for success and are excited to pursue what we believe is a strong opportunity in the market.' Macquarie Asset Management has over 35 years of experience in the real estate sector and a current network of 15 specialist operator investments globally, offering clients access to a differentiated approach and local market expertise by investing in and partnering with specialist operators to create opportunities in hard-to-access sectors. About Macquarie Asset Management Macquarie Asset Management is a global asset manager, integrated across public and private markets. Trusted by institutions, governments, foundations and individuals to manage approximately $US588.1 billion in assets, we provide a diverse range of investment solutions including real assets, real estate, credit and equities & multi-asset. Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory, and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs over 20,000 people in 34 markets and is listed on the Australian Securities Exchange. All figures as of 31 March 2025. About Health Wave Partners Health Wave Partners is a Chicago-based housing platform, investing to deliver modern, best-in-class accommodation for seniors alongside experienced operators. It is supported in this goal through its strategic partnership with Macquarie Asset Management (MAM). MAM's differentiated real estate strategy focuses on investing into specialist operating platforms. Through the partnership, Health Wave Partners is supported by access to MAM's deep resources and expertise. Health Wave Partners' highly experienced team invests in high-quality properties and experienced operators in regions with strong demographic and economic fundamentals to deliver compelling risk-adjusted returns.
Bloomberg
6 days ago
- Business
- Bloomberg
Deutsche Bank Taps Macquarie Strategist for Emerging-Market Team
Deutsche Bank AG has hired Macquarie Asset Management 's sovereign debt strategist Bruno Rovai, according to a person familiar with the matter, the latest move to expand its emerging-market business. Rovai started at the German bank this week, said the person, asking not to be identified discussing personnel information. He'll be a desk analyst covering Latin America from New York, the person added.
Yahoo
19-06-2025
- Business
- Yahoo
Ontario Teachers' fund sells out of the airport business — for now
The Ontario Teachers' Pension Plan Board, a longtime investor in airports overseas, has sold its interests in the last three of them: Birmingham Airport, Bristol and London City Airport, all in the United Kingdom. The buyer is Macquarie Asset Management, and the price was not disclosed by either party. Beginning in the early 2000s, Teachers' gobbled up airports as part of the fund's growing infrastructure portfolio, which was seen as an excellent source for steady returns and a hedge against inflation risk. The global COVID-19 pandemic was challenging, forcing many airports to take on more debt after the virtual halt in air travel in March 2020. Then came the sluggish return to pre-pandemic traffic over many months. The news came on the heels of another airport announcement by the pension fund giant — a pioneer among Canadian institutional investors in the sector — which on June 13 said it was selling its stake in Brussels Airport Co. NV/SA to a Flemish public investment firm. While there have been other international airport sales this year by Canadian pension funds, including the Caisse de dépôt et placement du Québec selling off the last of its stake in London's Heathrow Airport in February, interest has increased in the domestic sector as the Canadian government looks for ways to entice institutional investors — including the country's large pension funds — to invest more at home. Deb Orida, chief executive of the Public Sector Pension Investment Board, said last week that her fund is looking to boost domestic investments and pointed to PSP Investments' expertise in airport infrastructure and operations through subsidiary AviAlliance, which purchased three airports this year in the United Kingdom: Aberdeen, Glasgow and Southampton. 'We have airport operating expertise, and capital to pair with that operating expertise,' Orida said. 'So, if the opportunity were to become available to invest in the Canadian airports, I think we would be very well positioned to do that and do it in a way that adds value not only to our pensioners, contributors and beneficiaries, but also to the users — the passengers of the airport.' Former Bank of Canada governor Stephen Poloz looked at ways to increase Canadian institutional investment in the country's airports last year, when he was tapped to lead a task force charged with boosting domestic pension investments. In March, the federal government laid the groundwork with a new policy statement from Transport Canada that said pension funds can enter commercial subleases to invest in and develop airport lands with the not-for-profit airport authorities that operate 22 major facilities across the country, including Toronto's Pearson International Airport. The statement laid out other avenues for institutional investment as well, including through for-profit share capital subsidiaries created by the airport authorities, which would allow investment on airport lands for developments such as terminals, hotels and shopping centres. The structure of these subsidiaries would allow private investors to buy or be issued shares, so long as the airport authority maintains a controlling interest. A third avenue for investment would allow institutional investors to provide subcontracted services for certain aspects of airport operations. On Wednesday, a Teachers' spokesperson declined to say whether the $266.3-billion pension fund would be interested in airport investments in Canada despite selling off international stakes. '(It's) too early to speculate on where the proceeds will be allocated,' Dan Madge said. He characterized the rapid unloading of airports in Europe and the United Kingdom over the past few months as the culmination of a long, successful run in the sector. 'It was a very good outcome for the fund,' he said. 'Our first investment was in the early 2000s, so it has been a long investment period for us.' Teachers' first investment in U.K. airport infrastructure was in 2001, and it bought direct stakes in the airports in Birmingham in 2007 and Bristol in 2008. Eight years later, Teachers' boosted its U.K. presence with the purchase of a 25 per cent stake in London City Airport, a regional hub for business and vacation travel. Together, the three airports manage tens of millions of passengers annually. Over the years, the Canadian pension giant has also bought and sold stakes in airports in major cities in Australia and Denmark. After Teachers' acquired its stake in Bristol's airport, traffic increased by 72 per cent, with the airport serving more airlines and boasting the fastest recovery among major U.K. airports following the global pandemic. More than £300 million has been invested in the airport over the last decade. Passenger growth at Birmingham increased by 35 per cent to more than 13 million after Teachers' acquired its stake, and more than £425 million has been invested in expansion and modernization over the past 18 years. The expansion included an extension of the runway, the opening of a new pier, a new baggage system, and upgraded security and check-in areas, while multiple new flight routes were added, with some 30 airlines connecting travellers to more than 165 destinations. Meanwhile, more than £600 million was invested in London City Airport to accommodate larger aircraft and expand facilities, with projects including the U.K.'s first remote digital air traffic control tower. Teachers' said the airports under its ownership also played a central role in regional economic growth, collectively contributing more than £3.7 billion in 'gross value added' and 37,600 jobs. 'Each airport plays an important role in its region and, with all currently undergoing expansion (programs), will continue to grow and deliver for their passengers, communities and the broader economy,' said Charles Thomazi, Teachers' senior managing director and head of infrastructure in Europe, the Middle East and Africa. Defence investments will be winners in Trump world: Teachers' CEO Ontario Teachers' Pension Plan says 1.9% return shows portfolio strategy is working 'We are confident that (the airports) will continue to flourish and are pleased to be passing the baton to new investors Macquarie as they support them in the next stage of their growth.' • Email: bshecter@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
