22:54:29 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Brookfield Asset Management Inc
Symbol BAM
Shares Issued 987,136,394
Close 2016-07-12 C$ 45.25
Market Cap C$ 44,667,921,829
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Globe says Brookfield joins infrastructure lobby group

2016-07-13 07:59 ET - In the News

The Globe and Mail reports in its Wednesday edition that the world's biggest infrastructure investors have launched its own lobby group, called the Global Infrastructure Investor Association. The Globe's Andrew Willis writes that GIIA's founders included massive funds in Australia, the United States, Europe and the Middle East. When it held its first-ever annual meeting in June, GIIA opted to gather in Toronto. Newly named GIIA chief executive officer Andy Rose, who is based in London, said the decision reflected the fact that when it comes to infrastructure, Canada is where the money lives. This country is home to the largest and most sophisticated pool of infrastructure investors on the planet. Of the 40 members of the GIIA, no less than eight are Canadian. The list includes CPP Investment Board, Ontario Teachers, Brookfield, Alberta's AIMCo and Quebec's Caisse. As the federal Liberals move forward with billions of dollars in planned infrastructure projects, Mr. Willis will be looking at whether the government can tap into the GIIA's deep pockets. To date, the domestic and international institutions putting a shoulder behind the organization have focused on investing in outside of Canada.

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