Sunday, July 17, 2016

Watch Brookfield Asset Management

From Urbanomics:

"In a reflection of the rise of "alternative" investment class in a world of ultra-low yields, Brookfield, the Toronto-based asset manager which has $250 bn under management, hasraised a $14 bn fund to invest in infrastructure. It would be the largest single commitment to a sector. Brookfield, which bought the owner of London's Canary Wharf, allocates 60% of its investments to developed and the rest to emerging markets, and follows a counter-cyclical investment strategy of buying in distressed periods. It has as partners some of the world's largest SWF's like Singapore's GIC and Qatar Investment Authority and has been acquiring assets in Latin America, including a 2013 acquisition of an integrated system of railroads, ports and inland terminals in Brazil and is investing $7bn to expand the port and terminals."

Link to Brookfield Asset Management.

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