Brookfield Asset Management Ltd. Class A (TSE:BAM) has released an update.
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Brookfield Asset Management Ltd. reported a robust second quarter in 2024, raising $68 billion in capital and witnessing an 11% and 12% growth in annualized fee-related earnings and distributable earnings, respectively. The company now manages approximately $1 trillion in assets, showcasing the momentum in its credit business and expansion in renewable power and data centers, highlighted by a partnership with Microsoft and the acquisition of Neoen. Additionally, Brookfield’s net income for the quarter was $124 million, marking an increase from the previous year’s $109 million.
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