Brookfield Asset Management is considering spinning off its asset management business.
Chief executive Bruce Flatt told shareholders that separating the division — either in the public or private market — could create opportunities for growth “that do not exist today”.
In a letter alongside the company’s latest earnings, he said that the prospect “might make sense” for investors who want exposure only to certain parts of its vast operation.
The statement, which came at the end of the seven-page letter, emphasised that the firm was considering all option, “including possibly doing nothing”.
The equity value of Brookfield’s equity business is around $70-100bn.
The group recorded a net income of $12.4bn in the year ended 31 December, up from $707m a year earlier, with some $71bn of new capital raised for its funds.
