Why Brookfield Stock Surged Nearly 16% in November

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 ...