How Brookfield Asset Management Is Ready to Handle the Turmoil
Brookfield Asset Management (NYSE: BAM) says it had been "expecting a recession and market washout for some time," but it didn't know a COVID-19 coronavirus outbreak would cause it. That's what the asset management company with more than $540 billion of assets under management told shareholders in its latest update, dated March 23. In other words, Brookfield Asset Management might just have called the ongoing global and stock market meltdown a full-fledged recession -- a word many continue to shy away from.
What this company says can't be ignored, simply because Brookfield Asset Management (hereafter in this article referred to as Brookfield for simplicity) runs a multitude of businesses across key sectors and industries through its four publicly listed partnerships: Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners, and Brookfield Business Partners.
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Source Fool.com
