Latest news with #BrookfieldCorporation
Yahoo
a day ago
- Business
- Yahoo
Brookfield Corporation (BN) Bounced Back After Reporting Strong Results
Madison Investments, an investment advisor, released its 'Madison Large Cap Fund' second-quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Class Y) increased 3.1%, compared to a 10.9% gain for the S&P 500 index. In addition, please check the fund's top five holdings to know its best picks in 2025. In its second quarter 2025 investor letter, Madison Large Cap Fund highlighted stocks such as Brookfield Corporation (NYSE:BN). Brookfield Corporation (NYSE:BN) is an alternative asset manager and REIT/Real Estate Investment Manager firm. The one-month return of Brookfield Corporation (NYSE:BN) was 11.25%, and its shares gained 41.46% of their value over the last 52 weeks. On July 21, 2025, Brookfield Corporation (NYSE:BN) stock closed at $66.33 per share with a market capitalization of $101.73 billion. Madison Large Cap Fund stated the following regarding Brookfield Corporation (NYSE:BN) in its second quarter 2025 investor letter: "The top five contributors for the quarter were Ferguson, Berkshire Hathaway, Analog Devices, Texas Instruments, and Brookfield Corporation (NYSE:BN). Brookfield Corporation reported strong quarterly results and its shares bounced back in the quarter after selling off in the first quarter on fears of a slowdown in global economic growth." An experienced asset manager studying financial documents intently in their office. Brookfield Corporation (NYSE:BN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 40 hedge fund portfolios held Brookfield Corporation (NYSE:BN) at the end of the first quarter, which was 37 in the previous quarter. While we acknowledge the potential of Brookfield Corporation (NYSE:BN) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered Brookfield Corporation (NYSE:BN) and shared Alphyn Capital Management's views on the company. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey.
Hamilton Spectator
14-07-2025
- Business
- Hamilton Spectator
Poilievre wants Carney to cash out blind trust, says ethics screens insufficient
OTTAWA - The Conservatives want Prime Minister Mark Carney to sell all the assets in his blind trust to avoid any possible conflicts of interest. Carney set up the blind trust after he was sworn in as prime minister in March and the details of how it works were made public on Friday. They show that the prime minister has set up screens to avoid potential conflicts related to his previous interests in Brookfield Asset Management, Brookfield Corporation and Stripe Inc. But Conservative Leader Pierre Poilievre believes that's not enough. He told reporters at a press conference Monday that Carney knew what was going into his trust at the time he divested and argued the prime minister could still benefit personally from decisions that affect Stripe or Brookfield's wide portfolio of businesses. 'We're calling on the Prime Minister to sell his investments, turn them into cash, hand them to a trustee who can invest them in a way that is completely blind to him so that he does not have any knowledge of what he owns,' Poilievre said. 'That is the spirit of a blind trust.' The ethics commissioner's office also released a list of shares Carney owned before creating the blind trust. They included shares in a number of companies, including payment processor Stripe, as well as options and deferred shares in Brookfield Corporation and Brookfield Asset Management. Carney worked for Brookfield Asset Management and served on the board of directors of Stripe before he decided to run for the Liberal leadership in January. He also owned shares in more than 560 companies through 'an investment account managed by a third party in respect of which the prime minister did not control or direct the selection of investments,' the disclosure said. Poilievre claimed Carney would be 'constantly distracted by his private interests' as he runs the government. He said Liberal policies aimed at promoting heat pumps and modular housing put Carney in a position of conflict because Brookfield's investments also touch on those sectors. Poilievre said the Conservatives would propose amendments to the law that would force the sale of assets in the way he's suggesting for Carney, raising the bar for ethics disclosures to avoid conflicts. A spokesperson for the Prime Minister's Office said Monday that Carney worked with the ethics commissioner to 'exceed' the existing rules by creating the blind trust days before he took office. The 'vast majority' of what he divested was managed by a third-party account, the spokesperson noted, and Carney had no control or direction over specific investments. 'In all of his work for Canadians, the Prime Minister will continue to serve with the highest standards for integrity at all times,' his office said. Carney's ethics screen is administered by Marc-André Blanchard, Carney's chief of staff, and Privy Council Clerk Michael Sabia. They're tasked with ensuring Carney is not made aware of and does not participate in 'any official matters or decision-making processes involving' Brookfield and Stripe, the disclosure said. 'This screen will prevent me from giving preferential treatment to any of the companies while I exercise my official powers, duties, and functions as a reporting public office holder,' Carney said in the disclosure. It also notes he can take part in discussions or decisions that affect the companies if they are 'a member of a broad class of persons.' — with files from Sarah Ritchie This report by The Canadian Press was first published July 14, 2025. 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 .
National Observer
14-07-2025
- Business
- National Observer
Poilievre wants Carney to cash out blind trust, says ethics screens insufficient
The Conservatives want Prime Minister Mark Carney to sell all the assets in his blind trust to avoid any possible conflicts of interest. Carney set up the blind trust after he was sworn in as prime minister in March and the details of how it works were made public on Friday. They show that the prime minister has set up screens to avoid potential conflicts related to his previous interests in Brookfield Asset Management, Brookfield Corporation and Stripe Inc. But Conservative Leader Pierre Poilievre believes that's not enough. He told reporters at a press conference Monday that Carney knew what was going into his trust at the time he divested and argued the prime minister could still benefit personally from decisions that affect Stripe or Brookfield's wide portfolio of businesses. "We're calling on the Prime Minister to sell his investments, turn them into cash, hand them to a trustee who can invest them in a way that is completely blind to him so that he does not have any knowledge of what he owns," Poilievre said. "That is the spirit of a blind trust." The Conservative leader has called for the prime minister to sell his investments and turn the proceeds over to a trustee who can reinvest the cash "in a way that is completely blind." The ethics commissioner's office also released a list of shares Carney owned before creating the blind trust. They included shares in a number of companies, including payment processor Stripe, as well as options and deferred shares in Brookfield Corporation and Brookfield Asset Management. Carney worked for Brookfield Asset Management and served on the board of directors of Stripe before he decided to run for the Liberal leadership in January. He also owned shares in more than 560 companies through "an investment account managed by a third party in respect of which the prime minister did not control or direct the selection of investments," the disclosure said. Poilievre claimed Carney would be "constantly distracted by his private interests" as he runs the government. He said Liberal policies aimed at promoting heat pumps and modular housing put Carney in a position of conflict because Brookfield's investments also touch on those sectors. Poilievre said the Conservatives would propose amendments to the law that would force the sale of assets in the way he's suggesting for Carney, raising the bar for ethics disclosures to avoid conflicts. A spokesperson for the Prime Minister's Office said Monday that Carney worked with the ethics commissioner to "exceed" the existing rules by creating the blind trust days before he took office. The "vast majority" of what he divested was managed by a third-party account, the spokesperson noted, and Carney had no control or direction over specific investments. "In all of his work for Canadians, the Prime Minister will continue to serve with the highest standards for integrity at all times," his office said. Carney's ethics screen is administered by Marc-André Blanchard, Carney's chief of staff, and Privy Council Clerk Michael Sabia. They're tasked with ensuring Carney is not made aware of and does not participate in "any official matters or decision-making processes involving" Brookfield and Stripe, the disclosure said. "This screen will prevent me from giving preferential treatment to any of the companies while I exercise my official powers, duties, and functions as a reporting public office holder," Carney said in the disclosure. It also notes he can take part in discussions or decisions that affect the companies if they are "a member of a broad class of persons." — with files from Sarah Ritchie
Winnipeg Free Press
14-07-2025
- Business
- Winnipeg Free Press
Poilievre wants Carney to cash out blind trust, says ethics screens insufficient
OTTAWA – The Conservatives want Prime Minister Mark Carney to sell all the assets in his blind trust to avoid any possible conflicts of interest. Carney set up a blind trust after he was sworn in as prime minister in March and the details of how it works were made public on Friday. They show that the prime minister has set up screens to avoid potential conflicts related to his previous interests in Brookfield Asset Management, Brookfield Corporation and Stripe Inc. But Conservative Leader Pierre Poilievre says that's not enough, arguing Carney could still benefit personally from decisions that affect Brookfield's wide portfolio of businesses. Poilievre is calling on Carney to cash out his holdings and give them to a trustee to invest without any knowledge of what he held previously. A spokesperson for the Prime Minister's Office says Carney worked with the ethics commissioner to 'exceed' the existing rules by creating the blind trust days before he took office. — with files from Sarah Ritchie This report by The Canadian Press was first published July 14, 2025.
Global News
14-07-2025
- Business
- Global News
Carney's ethics filing details Brookfield conflict of interest screen
Prime Minister Mark Carney's chief of staff and the country's top public servant will be responsible for maintaining an ethics screen preventing him from making decisions that benefit his former employer, says a disclosure issued by the office of the ethics commissioner on Friday. The disclosure states that Carney and the commissioner have agreed to a conflict of interest screen 'aimed at preventing any opportunity' to further Carney's interests 'or to improperly further those of Brookfield Asset Management, Brookfield Corporation, and Stripe Inc., and any company owned or controlled by them.' Carney worked for Brookfield Asset Management before he decided to run for the Liberal leadership in January. The screen is administered by Marc-André Blanchard, Carney's chief of staff, and Privy Council Clerk Michael Sabia. They're tasked with ensuring Carney is not made aware of and does not participate in 'any official matters or decision-making processes involving' Brookfield and Stripe, the disclosure said. Story continues below advertisement 'This screen will prevent me from giving preferential treatment to any of the companies while I exercise my official powers, duties, and functions as a reporting public office holder,' Carney said in the disclosure. It also notes he can take part in discussions or decisions that affect the companies if they are 'a member of a broad class of persons.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy Former prime minister Justin Trudeau also had a conflict of interest screen in place while he was in office, as did several members of his cabinet. 1:44 Conservatives accuse Mark Carney of hiding financial interests, demand transparency When Carney was sworn in as prime minister in March, he was required to file information about his assets and potential conflicts of interest with the commissioner's office. The law gave him 60 days to disclose financial information to the ethics commissioner, and 120 days for that disclosure to become public. Story continues below advertisement The law also holds that the prime minister, cabinet ministers and parliamentary secretaries must divest controlled assets by selling them at arm's length or putting them in a blind trust. In a statement, a spokesperson for the Prime Minister's Office said Carney worked with the commissioner to 'exceed' the ethics rules by creating the blind trust days before he was sworn in as prime minister in March. 'All of his investments were placed in the blind trust and all investment decisions are taken independently from him,' said Emily Williams. The Conservatives attacked Carney from the time he announced his run for the Liberal leadership, calling him 'sneaky' and claiming he was exploiting a loophole in the laws by not disclosing his assets as soon as he became a candidate. The Tories also had demanded that Carney release a full list of all his assets and any potential conflicts of interest, beyond the disclosure to the ethics commissioner's office. The ethics commissioner's office has released a list of shares Carney owned before creating the blind trust. They included shares in a number of companies, including Stripe, as well as options and deferred shares in Brookfield Corporation and Brookfield Asset Management. He also owned shares in more than 560 companies through 'an investment account managed by a third party in respect of which the prime minister did not control or direct the selection of investments,' the disclosure said. Story continues below advertisement That 15-page list includes big-name American companies such as Tesla, Google's parent company Alphabet, Philip Morris International, defence giant Lockheed Martin, Boeing, Walmart and Fox. It also includes major Canadian corporations like Lululemon Athletica, Canadian Natural Resources and Canadian Pacific Kansas City. The disclosure does not state the value of any of Carney's holdings at the time the blind trust was created.
