Brookfield Asset Management Ltd. Class A (TSE:BAM) has released an update.
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Brookfield Asset Management Ltd. has reported a robust first quarter in 2024, with a significant increase in assets under management (AUM) by $75 billion, thanks to insurance flows and the acquisition of Castlelake. The company has also raised $20 billion in capital and boasts a considerable $106 billion in dry powder ready for investment. Additionally, Brookfield’s fee-related earnings remained strong at $552 million for the quarter, contributing to a growth in fee revenues of 15% from the last year.
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