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Lots of cash is Macquarie Group's weapon to protect its infrastructure trust against hedge funds, writes Stuart Washington.

THERE have been no angry denunciations from Macquarie Group about short sellers. There have been no explosive outbursts from the outgoing chief executive, Allan Moss, about a market trading on poisonous rumours.

But late last year Macquarie Group started a war on the hedge funds that make profits when share prices fall. And it used perhaps the only weapon that is effective in a debate with a hedge fund: large amounts of cash.

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Posted by dcjaya at April 4, 2008 8:31 PM