Investing
Brookfield Fund Loses Consultant Approval After Leaders Exit
- Angelo Rufino’s departure to Bain triggers consultant’s move
- Firm’s special investments arm seeks $3.5 billion for its fund
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Investment consultant Aksia LLC rescinded its approval for Brookfield Asset Management’s special-situations fund after two top executives left, according to people familiar with the matter.
Chief Investment Officer Angelo Rufino’s recent exit came after the departure earlier this year of the group’s former head, David Levenson, said the people, who asked not to be identified discussing private matters. Rufino is heading to Bain Capital to be a senior member of its special-situations arm, people familiar with the situation told Bloomberg two weeks ago.