Agriculture, long overlooked as a handy defensive investment space by fund managers more interested in infrastructure, commercial real estate and shopping centres, has become the focus of big spending activity of late.
Macquarie Group's $300 million takeover bid for a real estate investment trust, which owns vast farms across Australia, could pave the way for more farming deals involving the investment banking powerhouse and the fresh food giant Costa Group.
Macquarie Group, one of the world’s largest alternative asset managers, has announced that one of its agricultural funds will seek to acquire all of the issued securities in Australian listed farmland REIT Vitalharvest
You’d be surprised to learn that the billion dollar barons of Australian farmland are a Canadian government worker super fund, a New York teacher insurance fund and an Australian pastoral giant backed by a Dutch pension fund
Mr Hornibrook, who was a former head of Macquarie Agricultural Funds Management, along with some members of his sales team, were found to have extracted sensitive commercial information from a rival fund.