Post #12281 by SteadyAim on the US Policy board

Halls of Shrewd'm / US Policy ❤

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[might be some free views left (unlikely??), but will be firewalled after they are used up]

https://on.ft.com/3QLvOZd

Ackman’s Pershing Square has invested heavily in Brookfield believing that its property is undervalued and stands to benefit from a recovery in real estate markets
...
Critics have a less benign view of the flexibility, and Brookfield’s power to set its own narrative. Dalrymple says for stakeholders to decide for themselves they need to know the full facts, which requires more than saying “we sent a billion dollars somewhere”.

General tone is that they seem sceptical of the complex accounting, the "thousands of entities, the interconnected funds, partnerships, trusts and companies that control $1tn of assets".

SA

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