Brookfield Asset Management Ltd. is a prominent Canadian-American alternative asset management firm, renowned for its global investments across real estate, infrastructure, renewable energy, private equity, credit, and insurance solutions. Established in 1997 as the asset management division of Brookfield Corporation, it became an independent entity following a spin-off in December 2022. In December 2024, the company relocated its headquarters from Toronto to New York City to enhance its presence in U.S. financial markets and broaden its investor base .(ADV Ratings, wealthprofessional.ca, Wikipedia)
🏢 Company Overview
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Headquarters: Brookfield Place, 250 Vesey Street, New York City, USA
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Founded: December 2022 (as a spin-off)
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CEO: J. Bruce Flatt
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Ownership: 13.8% by Brookfield Corporation
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Employees: Approximately 240,000 operating employees worldwide
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Assets Under Management (AUM): Over $1 trillion as of late 2024
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Market Capitalization: Approximately $15 billion as of April 2024 (Wikipedia, ADV Ratings)
🌍 Global Presence
Brookfield Asset Management operates in over 30 countries, including key offices in New York City, London, Dubai, Shanghai, Rio de Janeiro, Sydney, and Auckland. The firm serves a diverse range of institutional and individual investors globally .(ADV Ratings)
📈 Recent Developments
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Strategic Headquarters Relocation: In late 2024, Brookfield Asset Management announced the relocation of its headquarters from Toronto to New York City. This move aims to increase its inclusion in U.S. stock market indices, thereby expanding its shareholder base and increasing liquidity for its stock .(Financial Times)
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Acquisition of Neoen: In 2024, Brookfield completed a $6.54 billion acquisition of Neoen, a French renewable energy developer. This acquisition aligns with Brookfield's strategy to expand its renewable energy portfolio and leverage its capital availability for further transactions .(WSJ)
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Divestiture of Brazilian Shopping Malls: Brookfield Asset Management is set to exit the shopping mall sector in Brazil by selling its majority stakes in São Paulo malls, Patio Paulista and Patio Higienópolis, aiming to raise approximately 3 billion reais ($534 million). This decision reflects the firm's strategy to focus on investments in offices, apartment buildings, and logistics in Brazil .(Reuters)
📊 Stock Snapshot
As of May 6, 2025, Brookfield Asset Management Ltd. (NYSE: BAM) is trading at $53.93, reflecting a slight decrease of 0.01552% from the previous close.