Brookfield Asset Management's (BAM) global scale and its diversified portfolio offerings stand to benefit immensely from favorable asset management trends such as mandates tilting toward global platforms and capital chasing yields in alternative asset classes at a faster pace than ever before.
The acquisition of Oaktree (OAK) was sensible, as it gives management heft both in scale and in credit offerings. Fee-related earnings ((FRE)) continue to rise; fund performances continue to be stronger than targeted, and on most internal metrics, BAM continues to perform noticeably better than its set targets. On