Macquarie Financial Services has launched an alternative investment boutique, the first initiative of its recently formed Macquarie Global Investments (MGI).
The new firm, Queen Street Partners, will be led by Steven Vaughan, who previously ran his own consultancy, Dr Steven Vaughan and Associates.
Queen Street Partners will target institutional investors and focus on investing in early-stage boutique fund managers.
MGI head Matthew Rady said the business "has already generated a great deal of interest from large superannuation funds and institutional investors".
Rady said the business was also fortunate to secure Vaughan.
"His many years of experience mean he is one of Australia's foremost experts on identifying boutique fund managers that have the potential to add significant value," he said.
"His focus is very much on investment performance and meeting the needs of sophisticated institutional clients. This is completely in line with the client service culture of Macquarie Global Investments."
