We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
Brookfield Asset Management Ltd.
Financials · Asset Management & Custody Banks
STRUCTURAL: pure-play listed GP - fee-related earnings on ~$1T fee-bearing capital, no balance-sheet commodity risk; $BN keeps the carry/principal book. Five legs (infra, renewables, PE, real estate, credit/Oaktree) compound at different cycles.
AI buildout is a direct tailwind: hyperscaler data-center power deals, fiber, transmission and gas peakers all sit inside the infra + renewables funds, with multi-decade contracted cash flows.
- Fee-related earnings compound mid-teens; mgmt target $1T -> $2T fee-bearing capital by 2030
- Capital-light: ~90% of distributable earnings paid as dividend, ~4% yield growing
- AI/data-center tailwind monetized via infra + renewables PPAs (Microsoft $MSFT renewables deal a template)
- Credit/Oaktree leg benefits from private-credit secular shift away from banks
- Insurance partnership with $BN/Brookfield Wealth Solutions feeds permanent capital
- Performance fees lumpy; FRE multiple compresses if fundraising slows in a higher-for-longer rate world
- Concentrated key-person risk (Flatt, Goodman); governance still tied to $BN
- Infra/renewables exits depend on debt markets reopening - 2023-24 fundraising was soft
- $BLK, $KKR, $APO, $BX, $ARES competing for the same allocator dollar; fees grinding down
- Re-rating already priced a lot of the FRE growth - multiple is rich vs traditional asset mgrs
Each weekday: the scan's ENTER setups with entry, stop and target, every new ticker teardown, and the bubble shifts that move names like this one. Free. Education, not advice.
No spam. One email per day max. Pro adds Telegram trade alerts and higher AI-assistant limits.
No major news in the last 7 days for BAM - only listicles and opinion pieces, which we filter out by default. See everything anyway.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.
Auto-computed retracement of the trailing 52w low-high leg. Recomputed on each refresh; not a curated level.