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Company History

Macquarie Allegiance Capital was formed when Macquarie's Funds Group acquired a majority stake in Allegiance Capital in June 2008. Macquarie Allegiance Capital combines the specialist US fixed income expertise of Allegiance Capital with the extensive resources and broad investment capabilities of the Macquarie Group (Macquarie).

Macquarie Allegiance Capital provides investors with a wide range of global investment solutions across the full risk spectrum, including AAA relative return fixed income portfolios, absolute return funds, long/short credit and commodity funds.

Macquarie Allegiance Capital's institutional clients include; corporate, public and Taft Hartley retirement plans, endowments and foundations, not-for-profit organizations, hospitals and operating funds. Macquarie Allegiance Capital also manages portfolios for several managed account platforms.

For more information on the Macquarie Group, go to this section below or visit Macquarie's website.

Allegiance Capital

Founded in 1988 and headquartered in Southern California, Allegiance Capital has specialized in offering fixed income investment solutions to institutions and individual clients through investment consultants.

Bill Mawhorter, Managing Director and CIO, Mark Torline, Managing Director and CEO, and Kurt Phares, Managing Director of Sales, formed Allegiance Capital in October 1988. They had previously worked together at Govaars and Associates, a fixed income manager of $3.7 billion in financial institution assets. Bob Southard joined Allegiance Capital in 1989 as Managing Director and Head of Marketing & Client Relations, from Pacific Financial Asset Management Company (known today as PIMCO Advisors LLC), which he co-founded. For information on the senior members of Macquarie Allegiance Capital's team, visit our professional staff page.

Macquarie Group

The Macquarie Group (Macquarie) is a diversified international provider of financial, advisory and investment services, with approximately US$212 billion of total assets under management (as of March 31, 2008). Headquartered in Sydney, Australia, Macquarie Group Limited is listed on the Australian Securities Exchange (ASX: MQG) with a market capitalization of approximately US$15 billion as of March 31, 2008.

Macquarie has grown substantially since its beginnings in Australia in 1969 and more recently, has reported successive years of record profits and growth since 1992. Macquarie now employs more than 13,200 people in 60 office locations in 25 countries.

Macquarie's strategy is to expand selectively and enter markets only where its particular skills and expertise deliver real value to clients. This approach provides the strategic flexibility to enter new sectors and regions as opportunities arise and to respond to the specialist requirements of individual markets. As a result, Macquarie has established leading positions in a diverse range of markets.

In Australia and New Zealand, Macquarie is a market leader in investment and financial services. In Asia, Macquarie offers a full range of investment, financial market and advisory products and services and in Europe, the Middle East, Africa and the Americas, Macquarie focuses on particular business areas in which its expertise delivers value to clients.

Macquarie has been active in the Americas for over a decade, establishing its first office in New York in 1994. Today Macquarie has over 1,800 professionals in 25 locations in North and South America. Macquarie continues to grow its North and South American activities by expanding existing businesses, forming joint ventures with local partners and making niche acquisitions.