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Brookfield Rides Rally as CEO Flatt Sees Wave of Opportunities

  • 3Q profit drops on lower valuations; FFO beats estimates
  • Access to capital is ‘becoming a challenge for many’: Flatt
Canadian Investment Giant Brookfield Lures Staff Back to Office
Photographer: Lisa Maree Williams/Bloomberg
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Brookfield Asset Management Inc.’s earnings declined as volatile markets weighed on valuations of private assets, but the firm says it’s still on track for its biggest year of fundraising ever. 

The alternative asset manager has $125 billion of capital to deploy and sees “many more opportunities coming to us that you wouldn’t have imagined six, 12 months ago,” Chief Executive Officer Bruce Flatt told investors on Thursday. “Most of them we don’t do, but there will be one of them I think that could be very interesting.”