Welcome to our dedicated page for Brookfield Asset Management Ltd. news (Ticker: BAM), a resource for investors and traders seeking the latest updates and insights on Brookfield Asset Management Ltd. stock.
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager with over $900 billion of assets under management. Specializing in alternative asset management services, the company offers an extensive range of investment products to a diverse group of investors including public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.
Brookfield's portfolio spans several key sectors such as renewable power and transition, infrastructure, private equity, real estate, and credit. The firm invests client capital for the long term with a focus on real assets and essential service businesses that support the global economy.
Recent achievements include a strategic partnership with Zoetis Inc. through a Virtual Power Purchase Agreement, powering a significant portion of the Heart of Texas Wind Farm. Brookfield has also been active in furthering its investment strategies; it has acquired a majority stake in Castlelake, an asset-backed private credit manager, and an additional 5% interest in Oaktree.
Financially, Brookfield is robust, with $107 billion in uncalled fund commitments as of December 31, 2023. The company continues to grow its fee-bearing capital and recently completed the acquisition of AEL through its reinsurance arm, managing an additional $50 billion of capital. Regular dividends are declared, reflecting the company’s commitment to rewarding its shareholders.
Brookfield operates with a philosophy of investing for value across economic cycles, drawing on its heritage as both an owner and operator to generate strong returns for its clients. The company also emphasizes sustainability, as evidenced by its leadership in renewable power and decarbonization solutions.
For more detailed information, visit the Brookfield Asset Management website at bam.brookfield.com.
Brookfield has successfully closed its latest real estate debt fund, BREF VI, surpassing its target with over $4 billion in commitments. Nearly 50 investors from public and private pensions, foundations, and financial institutions participated. Brookfield invested $400 million in the fund, emphasizing its commitment alongside investors. So far, the fund has made 15 investments exceeding $700 million in mezzanine lending, focusing on high-quality real estate assets primarily in the U.S. and selectively in Europe.
Brookfield announced that Bruce Flatt, the CEO, will present at the Goldman Sachs 2021 Financial Services Conference on December 8, 2021, at 10:00am ET. A live webcast will be available on the Brookfield website for those interested in joining remotely. For individuals unable to attend, a recording will be accessible shortly after the event.
Brookfield manages approximately US$650 billion in assets across various sectors, including real estate and renewable power, and is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A.
Brookfield Asset Management (NYSE: BAM, TSX: BAM.A) reported strong Q3 2021 financial results, achieving $1.2 billion in distributable earnings and $2.7 billion in net income, significantly up from $542 million the previous year. The firm experienced record inflows of $34 billion this quarter, enhancing its fee-related earnings by 25%. Total assets under management reached approximately $650 billion, and the company plans to double its size over the next five years. A quarterly dividend of $0.13 per share was declared, reflecting the robust financial performance.
Brookfield Asset Management (NYSE: BAM) has successfully closed its second growth fund, Brookfield Technology Partners II (BTP II), with over $500 million in equity commitments. The fund aims to invest in high-growth companies at the nexus of technology and the built environment, leveraging Brookfield's extensive ecosystem. Notable investments include companies like Latch, Carbon Health, and GoodLeap. Managing Partner Josh Raffaelli highlighted the transformative role of technology in real assets, reinforcing Brookfield's commitment to accelerating growth for its portfolio firms.
GrafTech International reported strong financial results for Q3 2021, achieving a net income of $120 million ($0.45 per share) with a 35% net income margin. Sales increased 33% year-over-year to $347 million. Adjusted EBITDA rose 12% to $172 million, reflecting a 50% margin. The company reduced debt by $100 million this quarter and $300 million year-to-date. With a new $150 million stock repurchase program, GrafTech aims to enhance shareholder value amidst rising graphite electrode prices, expected to increase by 7-9% in Q4.
The Board of Directors of GrafTech International Ltd. (NYSE:EAF) has declared a quarterly cash dividend of $0.01 per share. This dividend is for stockholders of record as of the close of business on November 30, 2021, and will be paid on December 31, 2021. GrafTech is a leading manufacturer of high-quality graphite electrode products, integral to electric arc furnace steel production, and is vertically integrated into petroleum needle coke, enhancing its competitive edge in manufacturing.
GrafTech International Ltd. (NYSE: EAF) has launched a $150 million stock repurchase program, with $46 million already utilized in Q3. This program permits repurchases of an additional $163 million, including $13 million carried over from the prior program. CEO David J. Rintoul emphasized a commitment to enhancing shareholder value through disciplined capital allocation while also focusing on business investments and debt reduction. The repurchase amount and timing depend on market conditions and other factors, and the program does not have a set expiration date.
Brookfield Asset Management has transitioned the advisory role of Oaktree Real Estate Income Trust to its newly renamed Brookfield Real Estate Income Trust Inc. The REIT's total asset value has surged to approximately $1 billion following the addition of three properties. Distributed through Brookfield Oaktree Wealth Solutions, the REIT aims to provide individual investors exposure to Brookfield's extensive real estate portfolio, supported by Oaktree's credit management. Plans for further acquisitions in various property sectors are underway.
GrafTech International Ltd. (NYSE:EAF) announced that Quinn J. Coburn will retire as Chief Financial Officer on November 29, 2021, but will remain as Senior Vice President until the 2022 Annual Meeting of Stockholders on May 12, 2022. Timothy K. Flanagan, formerly with Cleveland-Cliffs Inc., will take over the CFO role on the same date. David Rintoul, CEO, praised Coburn's contributions over 11 years, including facilitating the company's IPO in April 2018. Flanagan brings extensive financial experience to his new role at GrafTech.
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