Better Buy: Brookfield Asset Management vs. Carlyle Group
You'd have a hard time finding two private equity and alternative asset management firms that had better years in 2019 than Brookfield Asset Management (NYSE: BAM) and The Carlyle Group (NASDAQ: CG). They put up astronomical gains last year: Carlyle's stock returned 101.68%, while Brookfield's rose 50.72%. It wasn't just these two companies, as the private equity industry overall had one of its best years ever -- thanks in large part to the effects of the Trump administration's Tax Cuts and Jobs Act, which lowered corporate tax rates from 35% to 21%.
Anyone who owned shares of these stocks was certainly pleased with their performance, but investors want more than a one-year snapshot. They want an investment that will pay off in the long run. So which of these two highfliers is a better buy today?
Source Fool.com
