Brookfield Capital Partners (BCP) and Private Funds

Brookfield Asset Management’s fourth business platform consist of private equity and specialty funds managed under Brookfield Capital Partners (BCP) or the respective operating platform: property (BPY), renewable power (BREP) and infrastructure (BIP). Brookfield Capital Partners also includes Brookfield’s Residential Development interests, an opportunistic area of increased activity during the U.S. housing market downturn. The private funds are […]

Brookfield Asset Management (BAM) Investment Thesis, Part I

Brookfield Asset Management is criticized at times as being a company too complex to understand. Well, it is diverse but not too complex to understand. Management helps us with levels of disclosures and clarity of communications that can only be considered outstanding when compared to others. In the upcoming posts we will break the company down […]

Brookfield Asset Management (BAM) Delivers: Properties Spinoff Announced

Brookfield Asset Management Announces Spin-Off of Brookfield Property Partners [Source]: The spinoff of Brookfield Property Partners (BPY) is a special dividend to Brookfield Asset Management’s (BAM) shareholders of record as of March 26, 2013 and payable April 15, 2013. It is the last major step needed to complete the multi-year transformation from a sprawling international […]

Brookfield Asset Management (BAM) Impressive 4Q12 and 2012 Results

Brookfield Asset Management (BAM) reported [Source] impressive financial and operational performance for 2012, increasing cash flow and the intrinsic value significantly. The stage is set for solid future growth following the prudent expansion of both private and public asset management and attracting increasing capital to their highly desired real asset platforms. [Source]: BAM 4Q12 Supplemental […]

Brookfield Asset Management (BAM) Reports 3Q12 Results

Brookfield Asset Management (BAM) reported 3Q12 results on November 9, 2012. The company had solid operating performance with a 17% increase in Funds from Operations (FFO), good total returns, and increasing intrinsic value. Especially encouraging is managements continued progress in adding a large number of high quality assets that will generate increasing returns to shareholders […]

Brookfield Asset Management (BAM) Reports 2Q12 Results

With headlines; “Brookfield Asset Management Q2 Profit Plunges, Misses View” one would think BAM had a terrible quarter.  Hardly, it was actually a very good quarter for investors. By nature BAM’s asset management business earnings will fluctuate from quarter to quarter. Profits did fall but temporarily so.  Offsetting these fluctuations BAM  completed a record number of […]

Brookfield Asset Management (BAM) Reports Strong 1Q12 Results

Brookfield reported strong financial and operating performance and remains well positioned for future growth. The investments made over the past four years are making a significant contribution to results with strong performance from major businesses. More information provided on the spinoff of Brookfield Property Partners at the annual meeting and in the Shareholder Letter. Management […]

Brookfield Asset Management Reports 4Q11

Brookfield Asset Management reported impressive financial and operational performance during 2011. They are well positioned to increase cash flow further and generate increase value through both organic expansion and new initiatives. Our investment thesis remains intact. Some specifics: BAM’s estimated intrinsic value of the business increased to $40.99/share year end 2011 from $37.93/ share the […]

Brookfield Asset Management (BAM)

The current worldwide macroeconomic malaise tends to create opportunities for the contrarian and value investment approach used by Brookfield Asset Management. The investment offers: real assets at a good value; shareholder friendly management; proven performance during challenging times; a strong balance sheet and stable cash flows; asset, geographic and currency diversification. The case can be made for downside protection […]