Shares of Brookfield (BN -0.46%) rallied by 15.8% in November, according to data provided by S&P Global Market Intelligence. The leading global investment firm got boosts both from its third-quarter results and from news that notable billionaire investor Bill Ackman had loaded up on its stock. Dual catalystsBrookfield reported its third-quarter results in mid-November. The investment firm posted a record $1.3 billion in distributable earnings before realizations, a 19% rise from the prior-year period. Its a ...

Valley National Bancorp. (VLY) announced the completion of the sale of a diverse pool of performing commercial real estate (CRE) mortgage loans to Brookfield Asset Management Ltd. (BAM) .Details & Rationale Behind VLY’s Loan SaleThe final loan pool sold by Valley National had a contractual balance of roughly $925 million, of which almost $823 million was identified and moved to held for sale as of Sept. 30, 2024. The loan pool has been sold at a discount of roughly 1% to par value to BAM, with VLY retaining ...

New office hub opened in ParisRenewable energy, digital infrastructure and real estate in focusNeoen transaction nears completion of its first stage NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”), a leading global alternative asset manager with over $1 trillion of assets under management, announced today the opening of a new office hub in Paris to deepen its established presence in the market. Brookfield has been actively investing in France since 2015 and employs ove ...

NEW YORK, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) announced that Bruce Flatt, Chief Executive Officer, is scheduled to present at the Goldman Sachs US Financial Services Conference on Wednesday, December 11, 2024, at 10:40 a.m. ET. The presentation will be webcast live and a link will be available in the “Events” section on Brookfield Asset Management’s investor relations website, www.bam.brookfield.com. About Brookfield Asset Management Brookfield Asset Man ...

NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”) today announced that due to a postal strike in Canada, it will not be able to mail its meeting materials to meet regulatory requirements for its upcoming special meeting of shareholders (the “Meeting”) originally to be held on December 20, 2024. Brookfield is working with regulators to ensure these requirements are met in the most expeditious manner possible and continues to believe that it will be abl ...

All amounts in U.S. dollars BROOKFIELD, News, Nov. 29, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) (“Brookfield Infrastructure”) today announced the closing of a public offering of $300 million of Fixed-to-Fixed Reset Rate Subordinated Notes due March 15, 2055 (the “notes”). The notes will bear interest at an annual rate of 6.750% until March 15, 2030 and thereafter will be reset every five years at an annual rate equal to the five-year U.S. treasury rate, plus ...

Billionaire Bill Ackman has established a name for himself as an outspoken investor who takes activist stances through his hedge fund, Pershing Square Capital Management. Unlike many other hedge fund managers, who invest in thousands of stocks and often have huge teams buying and selling, Ackman's fund has a small number of stocks at any given time in which it takes a significant position. Right now, it has only 11 stocks. These are the top five.Strong consumer brandsWhat stands out in Ackman's portfolio is ...

BROOKFIELD, News, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (“BIP”) (NYSE: BIP; TSX: BIP.UN) today announced that the Toronto Stock Exchange (the “TSX”) accepted a notice filed by BIP of its intention to renew its normal course issuer bid for its outstanding limited partnership units (“LP Units”) and its cumulative class A preferred limited partnership units (“Preferred Units”, and together with LP Units, “Units”). Brookfield Infrastructure Corporation (“BIPC”) (NYSE/TSX: BIP ...

Market Behavior - Investors are heavily trading based on their expectations of Donald Trump's potential actions in office [1] Analyst Position - The analyst holds a beneficial long position in shares of BN, BN:CA, and BRK:B through stock ownership, options, or other derivatives [1] - The article reflects the analyst's personal opinions and is not influenced by compensation or business relationships with mentioned companies [1]

In my previous article , I mentioned that Brookfield Asset Management (NYSE: BAM ) (TSX: BAM:CA ) is the kind of stock that you buy and hold forever. It's a low-maintenance position where I rely on the asset managers to keep theI am an investor that focuses on valuing businesses, always on the hunt for a true fortress business. As the name implies, these businesses have a high barrier to entry, they command phenomenal margins, are difficult to disrupt and don't have to cater to the whims of other businesses ...