Brookfield Shifts Head Office to New York to Qualify for Indexes
- Parent company to swap unlisted stake in BAM for listed stock
- Move aims to simplify structure and widen investor base
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Brookfield Asset Management moved its head office to New York from Toronto to gain access to more US stock indexes and attract more investors.
The shift aims to increase “BAM’s visibility among a much broader universe of active public investors who benchmark against these indices,” the Canadian alternative asset manager said in a statement late Thursday.