Roughly eight years after the global financial crisis, Brookfield Asset Management Inc. Stands out as one of several alternative asset managers that has separated itself from the pack, RBC Capital Markets said in a report Thursday.Upgrading Brookfield to top pick from outperform, analyst Neil Downey said the company intrinsic value per share growth is being driven by strong execution, backed by a well articulated business plan.competitive advantages include global reach, size/scale, strong investment track records, and multiple funds/strategies, Downey told clients.He noted that this has helped the company grow and diversify its client base, which now includes 425 global private fund investors, an increase from 320 a year ago.The analyst highlighted Brookfield 15 per cent annual gain in fee bearing capital to US$108 billion as of the second quarter.This was supported by the closing of three flagship funds (property, power, private equity), as the company latest fundraising cycle secured US$27 billion of commitments.While Brookfield is looking for US$3 billion for three new niche private funds and another property fund, Downey does expect fee bearing capital growth will slow in the next 12 to 24 months. However, he thinks it may re accelerate in 2019 and 2020.With Brookfield shares currently trading at a 12 per cent discount to the analyst US$38 intrinsic value per share estimate, Downey thinks now is an attractive entry point..
Let step back and take a look at what we have here, from the consumer perspective. The sudden appearance of a social media button gives the consumer a feeling of exclusivity somehow being selected and singled out as special. There will be pressure to act quickly or miss out on the deal at hand; by the time you shop around for similar offers, do some price comparisons, or fully think things through, that button could be gone.
Juman worked as a mortgage originator. In 2007, the housing bust hit like a bomb going off, and all of a sudden nobody was buying. Even after selling some of his family’s most personal items, he missed three mortgage payments and the bank began foreclosure proceedings.
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