Bill Ackman made news recently when Fortune reported that he might play a part in Elon Musk and Vivek Ramaswamy's Department of Government Efficiency, or DOGE, the committee tasked with cutting federal government costs and jobs.
Shares of Brookfield (BN -0.49%) rallied by 15.8% in November, according to data provided by S&P Global Market Intelligence . The leading global investment firm got boosts both from its third-quarter results and from news that notable billionaire investor Bill Ackman had loaded up on its stock.
VLY sells its $925 million CRE loan pool to Brookfield to reduce its CRE loan concentration and pursue its strategic balance sheet objectives.
You can grow a lot richer by investing in the S&P 500 . That broad market index has delivered an 11% annualized total return over the last 30 years.
Billionaire Bill Ackman has established a name for himself as an outspoken investor who takes activist stances through his hedge fund, Pershing Square Capital Management. Unlike many other hedge fund managers, who invest in thousands of stocks and often have huge teams buying and selling, Ackman's fund has a small number of stocks at any given time in which it takes a significant position.
Lately, investors have been pouring money into stocks seen as gaining from the incoming U.S. administration. These include Tesla and various regional banks (the former could gain from Elon Musk's closeness to Trump, the latter from Trump's lax approach to banking regulations). Brookfield largely hasn't been mentioned in the discussion about Trump trades, but it benefits from Trump's regulatory approach much like regional banks do.
Brookfield Asset Management is a low-maintenance "buy and hold forever" stock with limited outside risk to the operations. Management aims to double operational metrics in five years, a significant leap from their 25-year base. The 22.7% YoY increase in fee-bearing capital in Q3 supports the thesis that Brookfield is on track to meet its ambitious goals.
Diversification, schmiversification. That seems to be the attitude of billionaire hedge fund manager Bill Ackman.
Bill Ackman is happy to buy stocks when he believes they're on sale, and he holds them until their prices reflect what he believes are their true values. That could be a few months or it could be a decade.
Billionaire Bill Ackman Recently Bought One of My Favorite Stocks. Here's Why I Think It Was a Brilliant Move.
Brookfield's focus on hard assets like infrastructure, renewable energy, and logistics, combined with a proven 19% annualized return, makes it a compelling long-term investment. The company aims for 15%+ annualized returns through 2029, supported by strategic investments and a $50 billion free cash flow growth outlook. Despite a low 0.6% yield, Brookfield's diversified growth potential and attractive valuation at 15.2x earnings make it a strong pick for growth/value portfolios.
Canadian fund Brookfield plans to offer about 7 billion euros ($7.4 billion) for Spanish drugmaker Grifols after finishing due diligence, news website El Confidencial reported on Monday, citing sources close to the matter.