No. of Recommendations: 3
SA not free to read w/out signup?
anyway, the long article explains key points in more detail (and this is where most are frustrated by complexity), but the conclusion is below....
"Brookfield aspires to grow mainly through Private Funds and BWS Capital (Insurance) over the next couple of years.
In my opinion, BN will profit far more than BAM because it expects to earn 2% spread earnings on BWS Capital, while BAM only earns fees of around 0.44%.
The growth in Private Funds should be in favor of BAM from the management fee side, but overall in favor of BN due to carry."
