Q2 SUPPLEMENTAL INFORMATION SECOND QUARTER ENDED JUNE 30, 2024 Brookfield Asset Management Overview Our Businesses by Fee-Bearing Capital Assets Under Management $995B Renewable Power & Transition $52B Infrastructure $91B Private Equity $40B Real Estate $93B Credit & Other BAM is a leading alternative asset manager with a 25-year track record of delivering strong, risk-adjusted returns by investing in high-quality assets, forming the backbone of the global economy | --- | --- | |--------------------------|- ...

Brookfield Asset Management (BAM) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.86%. A quarter ago, it was expected that this investment manager would post earnings of $0.33 per share when it actually produced earnings of $0.34, delivering a surprise of 3.03%.Over the last four q ...

Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momentu ...

ANN ARBOR, Mich., Aug. 05, 2024 (GLOBE NEWSWIRE) -- Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) ("the Company" or "Kraig Labs"), announces today that renowned sericulture expert, Dr. Nirmal Kumar, will rejoin the Company's team in Asia to oversee completion of the second production cycle of BAM-1 spider silk hybrids. Dr. Nirmal Kumar rejoins the team this week, as Kraig Labs prepares to cocoon and reel the second BAM-1 hybrid spider silk production batch. This production cycle will build on the success ...

z1b Stocks have been falling significantly in recent days due to growing fears of a recession and several disappointing earnings reports. Dividend stocks (SCHD) have been no exception. In particular, asset managers like Blackstone (BX), business development companies like Ares Capital (ARCC), and energy stocks like Chevron (CVX) have all pulled back recently, as concerns grow that the economic slowdown might hurt their performance. That being said, now is a great time to shop for high-quality dividend s ...

Group 1 - Brookfield Asset Management Ltd. will release its financial results for Q2 2024 on August 7, 2024, before 7:00 a.m. ET [1] - An earnings conference call and webcast will take place at 11:00 a.m. ET to discuss the results and operations [1] - Participants can join the conference call by pre-registering or via a webcast, with a replay available for 90 days [1] Group 2 - Brookfield Asset Management is a leading global alternative asset manager with over $925 billion in assets under management [2] - The company focuses on long-term investments in real assets and essential service businesses that are crucial to the global economy [2] - Brookfield offers a variety of alternative investment products to a diverse range of investors, including pension plans, endowments, sovereign wealth funds, and private wealth investors [2]

Douglas Rissing The Federal Reserve has dangled the prospect of interest rate cuts for about six months now, ever since Jerome Powell set off a furious Santa Claus rally with dovish-sounding rhetoric shortly before Christmas last December. However, since then, the future has proven to be much more stubborn than many expected. Inflation has not receded much at all this year. Yes, core CPI and Core PCE have trended slightly lower, but headline CPI and headline PCE have remained fairly flat year-to-date: Data ...

Group 1 - The company has successfully completed the first commercial production run of its BAM-1 hybrids, launching 30 days ahead of schedule due to successful spring production trials [1][2] - The BAM-1 hybrids represent a 10X increase in production volume compared to spring trials, generating over 325 pounds of recombinant spider silk cocoons, marking the largest batch ever produced [1][2] - The company is preparing for further commercial expansion and significant scale-up in BAM-1 hybrids, aiming to achieve metric-ton-level spider silk production [2][3] Group 2 - The BAM-1 hybrids were developed to improve robustness for large-scale spider silk manufacturing needs, indicating a strategic focus on commercialization [2][4] - The company founder and CEO expressed confidence in rapid scale-up of spider silk production in 2024, emphasizing a commitment to cost-effective and eco-responsible practices [3][4] - The company has made significant scientific breakthroughs in spider silk technology, which have implications for the global textile industry [4]

Group 1: British American Tobacco (BTI) - British American Tobacco (BTI) shares were purchased at prices of $31.25 and $30.64, yielding 9.5% and 9.7% respectively, with a total of 6,066.4674 shares owned and a cost basis of $30.08 [5] - Sales for BTI are projected to rebound and set new records in 2025, with an annual growth rate of 3.5% expected through 2028, exceeding the management's previous guidance of 1% to 3% [5][8] - S&P Global Ratings upgraded BTI to BBB+ Stable, citing strong cash conversion in combustibles and growing profits in new categories despite regulatory challenges [5][8] - BTI's legacy cigarette business is expected to continue declining, while new categories are projected to grow by 15%-20% in 2024-2025 due to increasing consumer demand [8] - BTI's leverage is expected to decrease from 3.00 in 2023 to 2.28 by 2026, potentially allowing for an A-rated credit rating if adjusted debt to EBITDA approaches 2.0x [9][10] Group 2: Nvidia (NVDA) - Nvidia (NVDA) shares were purchased at $119.83, with a cost basis of $67.87, following a strong earnings report that led to a significant increase in analyst estimates [13] - Sales growth for NVDA is projected at 123% for 2023, with a consensus of 98% for 2024 and 36% for 2025, indicating a robust growth trajectory [16] - TSMC is ramping up its capacity by 150% in 2024 to meet the demand for AI GPUs, which could support NVDA's sales growth [17] - Nvidia's free cash flow (FCF) is expected to reach $77 billion in 2025, with potential upside if supply constraints are alleviated [20] - The current market cap of NVDA could reach $6.5 trillion by the end of 2025, representing a potential 117% upside if demand remains strong [20] Group 3: Brookfield Asset Management (BAM) - Brookfield Asset Management (BAM) shares were purchased at $38.02, with a cost basis of $38.07, as the company is positioned to benefit from significant infrastructure spending needs [35] - The global infrastructure investment needs are projected to reach $94 trillion by 2040, with BAM expected to guide for 15% to 20% growth over the next 5 to 20 years [38] - BAM has raised $162 billion in funds over the last 18 months, indicating strong capital-raising capabilities [37] - The company is expected to maintain a stable dividend, with 86% of its fee-bearing capital being long-term in nature [40]

Core Insights - The Catalytic Transition Fund (CTF) has been launched to direct capital into clean energy and transition assets in emerging markets, with a commitment of $1 billion from UAE-backed ALTÉRRA aimed at catalyzing up to $5 billion in total capital [1][2][3] Group 1: Fund Overview - CTF is designed to address the urgent need for climate transition investments in emerging economies, which currently receive less than 15% of global clean energy investment despite being responsible for nearly one-third of global emissions [2][4] - The fund will focus on deploying capital in target emerging markets, including South and Central America, South and Southeast Asia, the Middle East, and Eastern Europe, with at least 10% of the total capital contributed by Brookfield [4][5] Group 2: Strategic Goals - ALTÉRRA aims to deploy $30 billion in climate investments by 2030, with a goal to catalyze $250 billion globally through innovative partnerships [2][9] - The CTF represents a unique private capital approach to attract investment for clean energy and transition assets, improving risk-adjusted returns for investors [3][5] Group 3: Market Context - The need for clean energy investment in emerging markets is projected to increase six times to reach $1.6 trillion per year by the early 2030s to align with the Paris Agreement [2] - Brookfield is recognized as a leading transition investor, having raised a record $15 billion in its first fund of the Brookfield Global Transition Fund series in 2022 [4][5]