Brookfield Asset Management (BAM) Has Fallen 10% in Last One Year, Underperforms Market
If you are looking for the best ideas for your portfolio you may want to consider some of Del Principe O’Brien Financial Advisors top stock picks. Del Principe O’Brien Financial Advisors, an investment management firm, is bullish on Brookfield Asset Management Inc (NYSE:BAM) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Brookfield Asset Management Inc (NYSE:BAM) stock. Brookfield Asset Management Inc (NYSE:BAM) is an asset management company.
In August 2019, Del Principe O’Brien Financial Advisors had released its Q2 2019 investor letter. Brookfield Asset Management Inc (NYSE:BAM) stock has posted a return of -9.7% in the trailing one year period, underperforming the S&P 500 Index which returned 11.4% in the same period. This suggests that the investment firm was wrong in its decision. On a year-to-date basis, Brookfield Asset Management Inc (NYSE:BAM) stock has fallen by 15.7%.
In Q2 2019 investor letter, Del Principe O’Brien Financial Advisors said the fund posted a return of 7.1% in the second quarter of 2019, outperforming the S&P 500 Index which returned 4.30% in the same period. Let’s take a look at comments made by Del Principe O’Brien Financial Advisors about Brookfield Asset Management Inc (NYSE:BAM) stock in the Q2 2019 investor letter.
"Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Their investment focus is on real estate, renewable power, infrastructure, and private equity assets. Over the last year, they raised $31 billion of capital across their business, deployed $30 billion of capital in high-quality investments globally, and realized $17 billion of proceeds from asset sales. As of 2019, they have 630 institutional investors. Brookfield aims to have 1,000 institutional investors by 2023.
On March 13, 2019, Brookfield purchased 62% of Oaktree Capital Group (OAK) for $4.8 billion. Founded by legendary value investor Howard Marks, Oaktree is a leader and pioneer in alternative asset management. They have $120 billion of assets under management and offices in 18 cities across 13 countries. The transaction enables Brookfield to broaden its product offering to include a premier credit platform, creating one of the most comprehensive offerings of alternative investment products for global investors. Together, the two companies will have $475 billion of assets under management and $2.5 billion annual fee-related revenues, making them one of the leading alternative asset managers. We expect to make Brookfield one of our foundational investments moving forward."
Last month, we published an article revealing that Qualivian Investment Partners reduced its position in Brookfield Asset Management Inc (NYSE:BAM) stock. The investment firm was less confident in its ability to forecast BAM’s growth runway.
In Q2 2020, the number of bullish hedge fund positions on Brookfield Asset Management Inc (NYSE:BAM) stock decreased by about 11% from the previous quarter (see the chart here), so a number of other hedge fund managers don't seem to agree with Brookfield's growth potential. Our calculations showed that Brookfield Asset Management Inc (NYSE:BAM) isn't ranked among the 30 most popular stocks among hedge funds.
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Video: Top 5 Stocks Among Hedge Funds
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Disclosure: None. This article is originally published at Insider Monkey.
