Chanticleer

Macquarie’s $58m man left a hole no one can be sure how to fill

Whoever can work out how to model and value Macquarie’s commodities unit should get a bronze statue in Martin Place.

Updated Feb 11, 2025 – 2.03pm, first published at 1.35pm

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Five years after Macquarie’s powerhouse commodities unit burst onto the scene with its maiden $1 billion-plus profit, investors are still struggling to track it.

This thing makes money when the weather is cold in the US, right? Not recently.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.