Is it a Wise Choice to Invest in Brookfield Asset Management (BAM)?

Cooper Investors, an investment management firm, published its “Cooper Investors Global Equities Fund” third-quarter 2022 investor letter – a copy of which can be downloaded here. The portfolio returned -4.77% in the quarter, versus the benchmark return of -5.52%. Profound US Dollar strength was a feature of the period; the A$ fell -6.5%, Yen -6.1%, Euro -6.3%, and the Pound – 8.1%. Try to spare some time to check the fund’s top 5 holdings for you to have an idea about their best stock picks this 2022.

In its Q3 2022 investor letter, Cooper Investors Global Equities Fund mentioned Brookfield Asset Management Inc. (NYSE:BAM) and explained its insights for the company. Founded in 1997, Brookfield Asset Management Inc. (NYSE:BAM) is a Toronto, Canada-based investment management company with a $64.2 billion market capitalization. Brookfield Asset Management Inc. (NYSE:BAM) delivered a -33.87% return since the beginning of the year, while its 12-month returns are down by -31.93%. The stock closed at $39.93 per share on October 18, 2022.

Here is what Cooper Investors Global Equities Fund has to say about Brookfield Asset Management Inc. (NYSE:BAM) in its Q3 2022 investor letter:

“With EAS and the upcoming spin of Brookfield’s asset management business (trading on implied earnings multiple of ~12-13x) we already have visibility of two new world class businesses that may
enter the portfolio over the next 12 months, both with Value Latency built in and ready to go.”

Our calculations show that Brookfield Asset Management Inc. (NYSE:BAM) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Brookfield Asset Management Inc. (NYSE:BAM) was in 34 hedge fund portfolios at the end of the second quarter of 2022, compared to 35 funds in the previous quarter. Brookfield Asset Management Inc. (NYSE:BAM) delivered a -14.75% return in the past 3 months.

In September 2022, we also shared another hedge fund’s views on Brookfield Asset Management Inc. (NYSE:BAM) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q3 page.

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Disclosure: None. This article is originally published at Insider Monkey.