Macquarie Bank picks up massive lift in performance fees

Macquarie Bank has reported that its management fees from its infrastructure funds will total a combined $244.8 million more than $100 million over what many analysts had forecast. Macquarie Airports will contribute a fee of $186.9 million. Macquarie Bank shares surged to a new record close of $46.94 on profit expectations as high as $600 million.