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Brookfield Unit’s Rough Start Looks Like an Opportunity to Goldman

  • Goldman likes spinoff’s positions in credit and infrastructure
  • Investment manager targets $1 trillion in assets by 2027
A meeting room at the offices of Brookfields Asset Management in Sydney, Australia. 

A meeting room at the offices of Brookfields Asset Management in Sydney, Australia. 

Photographer: Lisa Maree Williams/Bloomberg
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Brookfield Asset Management Ltd. has had a bumpy start as a standalone public company. That may represent an opportunity for investors, according to some Wall Street analysts who are picking up coverage of the firm. 

Brookfield Asset has dropped roughly 13% since it began trading in New York on Dec. 12. It was spun out from its parent, now called Brookfield Corp., to create a investment-management company that intends to pay out the vast majority of its earnings in dividends.