Australia's Macquarie posts record first-half on trading, asset management gains
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SYDNEY (Reuters) - Australian investment bank Macquarie Group Ltd posted a record first-half profit on Friday, driven by higher fees from its managed funds, but revealed a slump in traditional banking takings and forecast a weaker annual result.The bank's profit for the six months ending Sept. 30 rose to A$1.46 billion ($1.01 billion), a better-than-promised 11.2% jump despite a slump in M&A fees and losses from investments.The result benefited from Macquarie's diversified strategy, which..