Brookfield to Tap $119 Billion War Chest to Exploit Market Chaos
Brookfield Asset Management said it plans to take advantage of the recent volatility in global markets by deploying some of its $119 billion of uncalled capital to pick up high-quality assets.
'We are well-positioned and fully intend to capitalize opportunistically on market dislocations,' Chief Executive Officer Bruce Flatt and President Connor Teskey said in a letter to investors Tuesday, when Brookfield reported first-quarter results.
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We are dedicated to maintaining our operations to support their needs,' said Olley. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
