Macquarie to Buy Delaware Investments; Investment Bank Pays $428M for Move Into U.S.

Macquarie Group said it agreed to acquire U.S. diversified asset-mgmt. firm DE Investments from a unit of Lincoln National for US$428M, marking a significant move in the U.S. market for Australian investment bank. Macquarie, which has been distancing itself from a listed infrastructure fund model, flagged in July plans to expand its global footprint, including in asset management, at a time when others are offloading assets due to the economic downturn. The Sydney investment bank isn