Here’s how Brookfield Asset Management (BAM) plans to restructure its business

New York City-based investment management firm Third Avenue Management has released its Real Estate Value Fund’s Q3 2022 Investor Letter. A copy of the same can be downloaded here. The fund generated a -11.44% return after fees in the third quarter, compared to -11.39% (before fees) for the FTSE EPRA NAREIT Developed Index. Additionally, you can check out the fund’s top 5 holdings to see its top picks for 2022.

Third Avenue Management discussed stocks such as Brookfield Asset Management. (NYSE: BAM) in its investor letter for the third quarter of 2022. Brookfield Asset Management is headquartered in Toronto, Canada. (NYSE: BAM) is an asset management company. On October 19, 2022, Brookfield Asset Management Inc. (NYSE: BAM) stock closed at $38.75 per share. Brookfield Asset Management Inc.’s 1-Month Return. (NYSE: BAM) shares are -16.56% after having lost 35.08% over the past 52 weeks.Brookfield Asset Management (NYSE: BAM) has a market cap of $63,781 trillion.

Here’s what Third Avenue Management has to say about Brookfield Asset Management. (NYSE: BAM) in its third quarter 2022 investor letter:

Brookfield Asset Management (NYSE: BAM) (6.8% of the fund’s assets), is expected to distribute a 25% stake in its wholly-owned investment management business, which will manage approximately $750 billion in assets and inherit the existing company name. The remaining “physical” entity will be renamed Brookfield Corporation, retaining the company’s significant investments in real estate, infrastructure, renewable energy and other “essential” operating businesses, including a rapidly expanding insurance platform, across the business have important synergistic effects. “


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Brookfield Asset Management (NYSE: BAM) is not on our list of the 30 most popular stocks among hedge funds. According to our database, 34 hedge fund portfolios hold Brookfield Asset Management Inc. (NYSE: BAM) at the end of the second quarter, compared to 35 in the previous quarter.

We discussed Brookfield Asset Management. (NYSE: BAM) shared Cooper Investors’ views on the company in a separate article. Also, check out our Hedge Fund Investor Letters Q3 2022 page for more investor letters from hedge funds and other major investors.

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Disclosure: None. This article was originally published on Insider Monkey.

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