Brookfield's $30 Billion Hidden Stash Gives Singapore REITs FOMO
Key Points
- Brookfield has uncovered $30 billion in carried interest wit...
Money doesn't grow on trees, but apparently, it's been hiding in Brookfield's couch cushions all along. The investment giant just revealed a whopping $30 billion treasure trove tucked away in its asset management business, making other companies check their own cushions for loose change.
Show Me The Carried Money
Carried interest, that magical slice of profit that keeps fund managers motivated to perform miracles, has been quietly accumulating in Brookfield's coffers. CEO Bruce Flatt dropped this bombshell in his Q4 letter, suggesting this hidden gem amounts to roughly $21 per share. For ...
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