Brookfield Asset Management Ltd Stock Price Today (BAM)
2023.02.24 15:05
With over US$725 billion in assets under management in 2022, Brookfield Corporation, a multinational corporation based in Canada, is one of the largest alternative investment management companies in the world. It focuses on investments with direct control in real estate, infrastructure, renewable energy, credit, and private equity.
Through Oaktree Capital, which it acquired in 2019, the company invests in distressed securities. Toronto is where Brookfield’s headquarters are. Additionally, it has corporate offices in Sydney, Mumbai, Shanghai, Dubai, and London.
William Mackenzie and Frederick Stark Pearson established the business in 1899 under the name So Paulo Tramway, Light, and Power Company. It was in charge of building and managing Brazil’s transportation and electricity infrastructure.
Mackenzie’s group established the Rio de Janeiro Tramway, Light, and Power Company in 1904.
In order to develop hydro-electric power operations and other utility services in Brazil, the Brazilian Traction, Light and Power Company was incorporated as a public company in Toronto in 1912. In 1916, the Great Lakes Power Company was incorporated to provide hydro-electric power in Sault Ste. Marie and Ontario’s Algoma District.
Brazilian Traction, Light, and Power Company was purchased by Edper Investments, which was established in 1959 by brothers Edward and Peter Bronfman, for $15 million. Brazilian Light and Power Company changed its name from Brazilian Traction, Light, and Power Company in 1966 to Brascan Limited in 1969. Brascan is a combination of “Canada” and “Brasil.”
The company began selling its Brazilian interests in the 1970s and increased its investments in real estate, timber, and mining.
