10:05:24 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 653,717,397
Close 2015-05-06 C$ 63.63
Market Cap C$ 41,596,037,971
Recent Sedar Documents

Globe says Brookfield Asset increases Q1 profit

2015-05-07 07:40 ET - In the News

The Globe and Mail reports in its Thursday edition Brookfield Asset Management's returns from the company's tangible assets keep climbing. The Globe's Jacqueline Nelson writes the asset manager is planning to roll out bigger, more diverse funds to capture investment from institutional investors with a hunger for higher yields. On Wednesday, the company reported a 36-per-cent rise in profits in its first quarter, up to $1.4-billion (all figures U.S.). Brookfield owns and operates about $200-billion in assets. A little less than half of that is managed for outside clients, bringing in about $1.3-billion in fees. Meanwhile, global institutional investors are amassing a lot of money. Where the sum of their assets was about $5-trillion in the 1970s, that figure climbed to $45-trillion in 2012, according to Brookfield. The company projects that will reach $70-trillion in the 2020 decade. Brookfield is looking to capitalize on these trends to build new funds, increase its capital under management and do more large deals. About 30 per cent of clients are invested in more than one fund. This one-stop-shop trend is one that many large asset managers are trying to capitalize on, rather than being niche players.

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