Brookfield Asset Management Ltd (TSX:BAM)
C$ 79.35 -1.13 (-1.4%) Market Cap: 33.24 Bil Enterprise Value: 33.58 Bil PE Ratio: 52.73 PB Ratio: 7.63 GF Score: 29/100

BROOKFIELD ASSET MANAGEMENT LTD at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 06, 2023 / 07:20PM GMT
Release Date Price: C$48.34 (+1.07%)
Unidentified Analyst

It's my pleasure to introduce Bruce Flatt, CEO of Brookfield Asset Management. About a year ago, Brookfield completed its spin-off from Brookfield the Corporation, which Bruce actually hinted at our conference the year prior to that. We'll see if we get any more interesting nuggets from you this year. Essentially became a stand-alone asset management business with 100% earnings coming from FRE, which is great.

Today, Brookfield is one of the largest global alternative asset managers with $440 billion in fee-generating capital and strong alignment across several secular themes in the space including infrastructure demand, energy transition, growth in private credit, along with many others. Despite what's been obviously a very challenging fundraising backdrop, you guys are on track to raise $100 billion of capital this year with AEL potentially on top of that, whenever that closes.

A great year, and thank you again for being here. It's always great to see you.

James Bruce Flatt
Brookfield Asset Management Ltd. - CEO & Director

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