-
Brookfield Asset Management Inc Class A Limited (BAM)
-
Brookfield Asset Management Ltd. Class A Limited Voting Shares (BAM)
Q: Do you think the announcement by Blackstone and KKR that they are going to stop charging carry on their private equity funds has affected BAM share price in any way? Wy do you think it has gone down so much? Thanks.
5i Research Answer:
It likely has an impact; it is a competitive field, and for others to take less profit will not go unnoticed by investors and BAM may have to follow. There is a bit of a power shift occurring from managers to investors (this is typical during rough performance times). But, BAM has seen many competitive threats and cycles, and has adapted well. We would consider the stock buyable today for long term investors willing to look beyond the current market malaise.