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Is Brookfield Asset Management Stock a Buy Now?
The alternative asset management firm is still growing at an impressive rate.
Brookfield Asset Management (NYSE: BAM), one of the top alternative asset management firms in the world, went public in 1983. But in December 2022, it rebranded itself as Brookfield Corp. (NYSE: BN) and spun off its core asset management business as the "new" Brookfield Asset Management.
Brookfield Corp. now serves as the parent company of Brookfield Asset Management, which it holds alongside its other investments. The new Brookfield Asset Management became a pure asset manager, which earns management fees through its investment funds.
Brookfield Asset Management's stock has risen in price nearly 50% since its spinoff listing in 2022. Should investors still buy it as a safe-haven play in this turbulent market?
