Macquarie Group will consent to one of its satellite funds removing the group as manager, with the fund directly employing all management and staff itself.Macquarie Leisure Trust Group yesterday said it agreed to pay $17 million to Macquarie Group in cash to buy out the existing rights of the latter to manage the former.The trust will not have to pay any performance fees to Macquarie for the 2009 and 2010 financial years.The trust will also ditch the Macquarie name.A couple of satellite funds of Babcock & Brown have internalised management, though in the context of the financial collapse of the central entity.Internalisation of the management is a long-running theme of the debate around Macquarie's family of managed funds, with Macquarie Leisure Trust Group the first to take that step.Macquarie Capital Alliance Group, a listed fund, was acquired by another unlisted Macquarie entity in late 2008.