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OAK - Brookfield Asset Management In Early 2020: Valuations And Prospects
Oaktree Capital Group LLC Class A Units Representing Limited Liability Company Interests
Bruce Flatt accelerates the growth of Brookfield Asset Management. Image source: the RealDeal web site.
Introduction
Since closing its acquisition of the controlling stake in Oaktree (OAK) on Sep 30, 2019, Brookfield Asset Management (BAM) shares are up almost 30%. Last week, BAM disclosed its numbers for the first full quarter of the combined company. In this post, we will analyze these numbers and consider BAM's current valuations and prospects.
We will source information from BAM's presentation on the Oaktree transaction ("Oaktree presentation"), BAM's Supplemental materials from Q4 2018, and Q3