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Brookfield to pursue spinoff of its investment-management business

Brookfield Asset Management
Apollo Global Management
Bloomberg Television
Credit Suisse
Brookfield today."On Wall Street
the Wells Fargo Center
Viking Global
Hudson Yards

Bruce Flatt
Decoupling Brookfield's
David Rubenstein
Andrew Kuske


Middle America

Brookfield Place
the World Trade Center
Fifth Ave

Los Angeles
Washington, DC

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The New York Times
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Brookfield Asset Management is often compared to the alternative-investment firm Blackstone.Both are public companies with fast-growing market capitalizations measuring in the tens of billions of dollars, nearly $1 trillion each in assets under management, and hundreds of billions of dollars in real-estate investments that anchor their revenue.In a bid to jump-start a chapter of growth for the Toronto investment company, Brookfield is expected to announce during its quarterly earnings presentation on Thursday a restructuring that could transform it into a dealmaking powerhouse rivaling the larger and flashier Blackstone.The company will move forward with a plan to spin off its investment-management business from its roughly $50 billion worth of asset holdings, said three people with knowledge of the plan, which was floated publicly just a few months ago. The building, whose makeover is scheduled for completion next year, has attracted interest from several large office tenants, according to a person with knowledge of the leasing activity at the property, including the Australian bank Macquarie and the investment-management firm Viking Global, which together could take up to 500,000 square feet in the 1.25 million-square-foot tower.Unlike many other large office owners, Brookfield has undertaken efforts to curtail the carbon footprint of some of its recently built properties.

As said here by Daniel Geiger