TSX:BAM - Post Discussion
Post by
retiredcf on Sep 12, 2022 9:34am
RBC
September 9, 2022
Brookfield Asset Management Inc.
Thoughts ahead of BAM's Investor day on Monday, September 12
NYSE: BAM | USD 49.43 | Outperform | Price Target USD 66.00
Sentiment: Neutral
Brookfield Asset Management will be holding its investor day on Monday, September 12 at 1:30pm ET in New York (Brookfield Business Partners, Brookfield Infrastructure Partners and Brookfield Renewable Partners will be holding their investor days later this month on Thursday, September 29 in Toronto).
We think the investor day may address topics including:
• Asset manager spin-off - Although additional details on the asset manager spin-off have not yet been released, we think BAM is likely to look to discuss the upcoming spinoff in more detail.
• Fundraising - BAM remains active fundraising for its flagship funds, but also for its other investment strategies. BAM has been positive talking about its fundraising efforts, which we think is attributable to its product offering, track record and scale.
• Investment pipeline and monetizations in the current macro environment - In light of the more dynamic macro environment, we think BAM may go into more detail on where it sees opportunities to deploy (e.g., Global Transition) and recycle capital (e.g., Westinghouse).
• Wealth management strategy - While BAM discussed its Wealth management business at last year's investor day, given the growth potential of this distribution platform, BAM may look to provide an update on this segment.
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