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Brookfield Asset Management Ltd. - BAM STOCK NEWS

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.

News

Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving Partners

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Brookfield Asset Management announces a strategic partnership with Soundcore Capital Partners to accelerate growth for Heartland Paving Partners in the Upper Midwest market. This marks Brookfield's first investment through its private equity sponsor solutions strategy, aiming to provide bespoke solutions to mid-market buyout sponsors.
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Brookfield Asset Management Completes Annual Filings and Announces Management Changes

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Brookfield Asset Management announced the filing of its 2023 annual materials, including financial statements and management's discussion. Hadley Peer Marshall appointed as Chief Financial Officer effective May 31, 2024, succeeding Bahir Manios.
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Brookfield Asset Management Announces Strong Fourth Quarter Results and 19% Dividend Increase

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Brookfield Asset Management Ltd. announced strong performance in capital inflows, raising $93 billion and expecting $143 billion with the closing of the American Equity Investment Life insurance account. The company raised its quarterly dividend by 19% to $0.38 per share. Net income for the quarter was $95 million, and distributable earnings were $586 million. Fee-bearing capital was $457 billion, with $107 billion of uncalled fund commitments. The company deployed $15 billion of capital in the fourth quarter and announced strategic initiatives, including the launch of a multi-billion dollar Catalytic Transition Fund and the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments.
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Brookfield Announces $10 Billion First Closing for Second Brookfield Global Transition Fund

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Brookfield Asset Management (BAM) has raised $10 billion in the first closing of the second Brookfield Global Transition Fund (BGTF II), making it the world's largest transition investor among private fund managers. The fund focuses on accelerating the global transition to a net zero economy while delivering strong risk-adjusted returns for investors. The predecessor fund, BGTF I, closed on a record $15 billion and has made landmark investments across renewable power, business transformation, carbon capture and storage, renewable natural gas, and nuclear services opportunities. The fund aims to deliver strong financial returns while making meaningful environmental impacts for people and the planet.
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Scout Signs Virtual Power Purchase Agreement with AdventHealth for Texas Wind Farm

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Scout Clean Energy signs a Virtual Power Purchase Agreement (VPPA) with AdventHealth for a 90-megawatt portion of the Heart of Texas Wind Farm, expected to support 40% of AdventHealth's electricity needs, and reduce greenhouse gas emissions. The wind farm generates enough clean energy for the ERCOT grid to power approximately 67,000 homes and supports local communities through tax incentive agreements, with an estimated $36 million economic impact over the project's life.
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Brookfield Asset Management Ltd. Sets Fourth Quarter 2023 Results Conference Call

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) will release its Q4 2023 financial results on February 7, 2024. The results will be accessible on their website. An earnings conference call and webcast to review the results and operations will follow at 11:00 a.m. (EST). Participants can join via conference call or webcast. Replay of the event will be available for 90 days.
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Equinox Introduces the Luxe 8700x Payment Terminal

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Equinox Payments unveiled the Luxe 8700x payment solution at NRF 2024: Retail's Big Show in New York City. The device offers a perfect combination of form and function, engaging customers and withstanding the demands of a busy check-out lane. It is part of Equinox’s portfolio of innovative payment solutions, with features such as a crystal-clear display, unique angled keypad, illuminated chip card slot, and intuitive under-the-display contactless reader. The device is meticulously engineered to tolerate the test of time without jeopardizing extraordinary design, featuring ultra-strong Aramid fiber faceplate, highly durable in-mold decorated plastic keytops, and a chemically strengthened and scratch-resistant 5-inch high-definition touch display. The Luxe 8700x also features a secure Linux operating system, numerous connectivity options, and multiple encryption keys for secure transactions.
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Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) has received approval from the Toronto Stock Exchange for the renewal of its normal course issuer bid to purchase up to 34,605,494 Class A Limited Voting Shares, representing approximately 10% of the public float of the company's outstanding Class A Shares. The bid will extend from January 11, 2024, to January 10, 2025, with purchases to be made on the open market through various trading systems. As of December 31, 2023, the company had 413,026,253 Class A Shares issued and outstanding, with 346,054,943 shares representing the public float. Brookfield Asset Management is renewing the bid to invest its excess cash for an attractive risk-adjusted return, believing that the market price of its Class A Shares may not fully reflect the underlying value of its business and future prospects.
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American Tower Completes Strategic Review, Announces Agreement to Sell Operations in India to Brookfield

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American Tower Corporation (AMT) has signed a definitive agreement with Data Infrastructure Trust, an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management, to sell 100% of the equity interests in American Tower’s operations in India for potentially up to $2.5 billion. The transaction is expected to close in the second half of 2024 and will be subject to government and regulatory approvals.
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Canada Growth Fund Announces Strategic Investment in Entropy Inc. and Carbon Credit Offtake Commitment

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Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) and Canada Growth Fund Inc. announce a $200 million strategic investment in Entropy Inc., a Calgary-based developer of carbon capture and sequestration projects. The investment includes a fixed-price carbon credit purchase agreement of up to one million tonnes per annum, representing a significant new investment in Canadian carbon markets.
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FAQ

What is the current stock price of Brookfield Asset Management Ltd. (BAM)?

The current stock price of Brookfield Asset Management Ltd. (BAM) is $55.37 as of December 26, 2024.

What is the market cap of Brookfield Asset Management Ltd. (BAM)?

The market cap of Brookfield Asset Management Ltd. (BAM) is approximately 23.2B.

What does Brookfield Asset Management specialize in?

Brookfield Asset Management specializes in alternative asset management services, investing in real assets and essential service businesses across sectors including renewable power, infrastructure, private equity, real estate, and credit.

How much does Brookfield Asset Management have in assets under management?

Brookfield Asset Management manages over $900 billion in assets.

Who are Brookfield Asset Management's primary investors?

Brookfield's primary investors include public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors.

What recent strategic initiatives has Brookfield Asset Management undertaken?

Recent initiatives include a Virtual Power Purchase Agreement with Zoetis Inc., the acquisition of a majority stake in Castlelake, and an additional 5% interest in Oaktree.

What is Brookfield's focus in terms of investment philosophy?

Brookfield focuses on long-term investments in real assets and essential service businesses, emphasizing value generation across economic cycles.

How much uncalled fund commitments does Brookfield Asset Management have?

As of December 31, 2023, Brookfield has $107 billion in uncalled fund commitments.

Does Brookfield Asset Management declare regular dividends?

Yes, Brookfield Asset Management declares regular dividends as part of its strategy to reward shareholders.

What is Brookfield's role in renewable energy?

Brookfield is a global leader in renewable power and decarbonization solutions, managing significant assets in wind, solar, and other renewable energy sources.

What major acquisitions has Brookfield recently completed?

Brookfield recently completed the acquisition of AEL through its reinsurance arm and a majority stake in Castlelake.

Where can I find more information about Brookfield Asset Management?

More information can be found on their website at https://bam.brookfield.com.

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Brookfield Asset Management Ltd.

NYSE:BAM

BAM Rankings

#480 Ranked by Market Cap
#1154 Ranked by Dividends

BAM Stock Data

23.19B
356.91M
14.14%
63.47%
1.94%
Asset Management
Financial Services
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