Brookfield Asset Management Announces Record Second Quarter Results
Rhea-AI Summary
Brookfield Asset Management (NYSE: BAM) reported record results for the quarter ended June 30, 2026, driven by fundraising, deployment and carried interest. The company raised a record $77 billion in the quarter and $98 billion year-to-date, lifting fee-bearing capital to $672 billion, up 19% year-over-year.
Fee-related earnings rose 20% to $808 million ($0.50 per share), while distributable earnings increased 15% to $707 million ($0.44 per share). Net income was $1.2 billion for the quarter and $3.1 billion over the last twelve months. Brookfield announced a quarterly dividend of $0.5025 per share and repurchased $200 million of shares.
The company raised $163 billion over the past twelve months, deployed $21 billion and monetized $11 billion in the quarter. It completed the acquisition of the remainder of Oaktree, advanced large AI and energy partnerships, and ended the quarter with $149 billion of uncalled commitments and $3.1 billion of corporate liquidity.
Positive
- Fee-related earnings up 20% YoY to $808 million in Q2 2026
- Distributable earnings up 15% YoY to $707 million in Q2 2026
- Net income nearly doubled to $1.172 billion versus $584 million year-ago quarter
- Record fundraising $77 billion in Q2; $163 billion over last twelve months
- Fee-bearing capital grew 19% YoY to $672 billion
- Shareholder returns supported by $0.5025 quarterly dividend and $200 million share repurchases
Negative
- Corporate borrowings increased to $3.466 billion from $2.478 billion at year-end 2025
- Cash and cash equivalents declined to $1.503 billion from $1.583 billion at year-end 2025
- Compensation and operating expenses rose to $548 million from $504 million in prior-year quarter
- Interest expense increased to $60 million from $37 million in prior-year quarter
News Explained
BAM added $1.0 billion of issued senior debt in the second quarter, while two July acquisitions remain pending later-year closing.
During the quarter, Brookfield Asset Management issued
The notes are senior unsecured obligations, with coupons of
In July, the company committed approximately
The company also signed an agreement to acquire the world’s largest air-freight services provider, with closing likewise expected later this year; the stated closing milestones are the points at which those acquisitions’ completion status can be reassessed.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 27 | AI infrastructure partnership | Positive | +2.6% | Brookfield planned funding for expanded Korea sovereign AI factory infrastructure. |
| Jul 22 | Oaktree acquisition | Positive | -1.5% | Brookfield agreed to acquire Aypa Power for approximately $7 billion enterprise value. |
| Jul 20 | Strategic joint venture | Positive | -2.0% | Brookfield formed a $2.1 billion outpatient medical building joint venture. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
BAM's recent positive partnership and acquisition announcements diverged negatively, while its AI infrastructure announcement aligned positively.
Key Terms
distributable earnings financial
fee-bearing capital financial
uncalled fund commitments financial
senior unsecured notes financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Fundraised a Record
Fee-Related Earnings of
Earnings of
Advanced our Leadership Position in AI Infrastructure, Energy and Retirement Services Through Several Strategic Partnerships
NEW YORK, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”), a leading global alternative asset manager headquartered in New York with over
Connor Teskey, CEO of Brookfield Asset Management, stated, "We delivered a strong second quarter, with record fundraising of
He continued, "Our ability to fundraise across the largest and most diverse pools of global capital and deploy into the largest and most attractive investment themes continues to accelerate. The current environment is increasing demand for high-quality real assets and essential service businesses. Further, our recent acquisition of the remainder of Oaktree strengthens our credit platform, enables us to deliver the full breadth of Brookfield’s capabilities to clients, and positions us well to capitalize on opportunities that may emerge through credit cycles.”
Common Dividend Declaration
The board of directors of BAM declared a quarterly dividend of
Financial Results
In the second quarter, we delivered strong results, driven by record capital inflows and strong deployment.
| Three Months Ended | Twelve Months Ended | |||||||
| Unaudited For the periods ended | June 30 | June 30 | June 30 | June 30 | ||||
| (US$ millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 | ||||
| Fee-related earnings1 | $ | 808 | $ | 676 | $ | 3,201 | $ | 2,695 |
| Fee-related earnings per share | $ | 0.50 | $ | 0.42 | $ | 1.97 | $ | 1.65 |
| Distributable earnings1 | $ | 707 | $ | 613 | $ | 2,837 | $ | 2,535 |
| Distributable earnings per share | $ | 0.44 | $ | 0.38 | $ | 1.75 | $ | 1.56 |
| Net income | $ | 1,172 | $ | 584 | $ | 3,065 | $ | 2,308 |
| See end notes | ||||||||
Net income was
Fee-related earnings (“FRE”) increased
Distributable earnings (“DE”) were
Operating Results
Fee-bearing capital grew to
A growing set of strong investment opportunities continued to support robust capital deployment, with
Highlights of our activities across each of our business groups in the second quarter include:
Infrastructure
- Fundraising: We raised
$10 billion , including$7.9 billion for our infrastructure flagship strategy,$900 million for our supercore infrastructure strategy, and$900 million for our infrastructure private wealth strategy. The flagship is targeting its first close this year, with additional closes expected thereafter. In addition, we held a first close in our AI infrastructure strategy, bringing total commitments to date to$5 billion . - Deployment: We deployed
$3.3 billion , including$1.7 billion for the acquisition of a leading U.S. fiber to the home business and a$1.0 billion investment for incremental funding on construction of a U.S. semiconductor fabrication facility. - Monetization: In July, we monetized a portion of our investment in a leading data center infrastructure platform through its IPO, raising over
$1 billion in proceeds.
Energy
- Fundraising: We raised
$2.5 billion , including$1.4 billion for our infrastructure flagship strategy. - Deployment: We deployed
$1.0 billion across several renewable investments. In July, we also committed approximately$3.0 billion to acquire the largest standalone energy storage business in North America expected to close later this year.
Private Equity
- Fundraising: We raised
$8.6 billion , primarily driven by$6.7 billion for our private equity flagship strategy and capital raised for the Middle East private equity and financial infrastructure strategies. - Deployment: We deployed
$1.4 billion and signed an agreement to acquire the world’s largest air freight services provider, which is expected to close later this year. - Monetization: We signed an agreement to sell our investment in a specialized engineering firm, and subsequent to the end of the quarter, we sold a stake in a leading alternative asset manager in Australia.
Real Estate
- Fundraising: We raised
$4.3 billion across our real estate strategies, including nearly$700 million for the geographic sleeves of our flagship strategy and$3.0 billion from separately managed accounts and co-investment.
- Deployment: We deployed
$5.2 billion , including the acquisition of the largest privately held U.S. manufactured home portfolio and the take-private of a publicly-traded outdoor industrial storage portfolio.
Credit
- Fundraising: We raised
$51 billion of capital, including$45 billion from Brookfield Wealth Solutions, inclusive of the$40 billion Just Group mandate. We also raised$6.0 billion across Oaktree and our other partner managers and approximately$600 million for our infrastructure debt strategy.
- Deployment: We deployed
$10 billion , across our credit strategies, including$1.9 billion for opportunistic credit strategies. In July, we announced an investment in a Middle Eastern pipeline company for$3.0 billion .
Strategic Initiatives and Partnerships
This year, we continued to advance a number of strategic initiatives that strengthen our competitive position, expand our distribution capabilities and reinforce our leadership across AI infrastructure, power and private markets.
- In July, completed our acquisition of Oaktree, marking the next step in a partnership that began in 2019 and fully integrating Oaktree into Brookfield’s broader platform.
- Formed a strategic partnership with OpenAI to accelerate enterprise AI adoption by deploying its technology and engineering capabilities across our industrial and manufacturing businesses.
- Expanded our strategic partnership with Bloom Energy from
$5 billion to$25 billion to finance rapidly deployable power solutions for AI infrastructure. - Announced a strategic partnership with the U.S. Department of Energy (“DOE”) to accelerate the deployment of Westinghouse nuclear reactor technology, supported by funding of
$17.5 billion from the DOE.
- Expanded our AI infrastructure framework agreement with the French government from
€20 billion to€30 billion to enable sovereign AI infrastructure.
- Announced a partnership with two global technology leaders to invest in AI cloud infrastructure that will expand Korea’s sovereign AI factory infrastructure and power AI companies in Korea and the U.S.
- Selected as AllianceBernstein’s partner to distribute our real asset strategies through target-date funds, further enhancing our presence in the U.S. defined contribution market.
- In July, announced a
$100 billion plan to develop an AI data center campus at the U.S. DOE’s Paducah, Kentucky site, in partnership with a leading North American energy company.
- Repurchased
$200 million of BAM shares during the quarter.
Uncalled Fund Commitments and Liquidity
As of June 30, 2026, we had
During the quarter, we issued
End Notes
______________________
1. See Reconciliation of Net Income to FRE and DE on page 8 and Non-GAAP and Performance Measures section on page 10.
2. Other income includes BAM's portion of equity method investments’ realized carried interest, investment income, interest expense and other items.
| Brookfield Asset Management Balance Sheets | ||||
| Unaudited As of (US$ millions) | June 30 2026 | December 31 2025 | ||
| Assets | ||||
| Cash and cash equivalents | $ | 1,503 | $ | 1,583 |
| Accounts receivable and other | 845 | 750 | ||
| Investments | 10,360 | 9,795 | ||
| Investments of consolidated funds | 3,090 | 505 | ||
| Due from affiliates | 3,198 | 3,280 | ||
| Deferred income tax assets and other assets | 1,084 | 1,134 | ||
| Total assets | $ | 20,080 | $ | 17,047 |
| Liabilities | ||||
| Accounts payable and other | $ | 2,663 | $ | 2,908 |
| Corporate borrowings | 3,466 | 2,478 | ||
| Borrowings of consolidated funds | 589 | 462 | ||
| Due to affiliates | 1,244 | 720 | ||
| Due to affiliates of consolidated funds | 36 | — | ||
| Deferred income tax liabilities | 214 | 169 | ||
| Total liabilities | 8,212 | 6,737 | ||
| Preferred shares redeemable non-controlling interest | 1,238 | 1,398 | ||
| Redeemable non-controlling interest in consolidated funds | 1,442 | — | ||
| Equity | 9,188 | 8,912 | ||
| Total liabilities and equity | $ | 20,080 | $ | 17,047 |
| Brookfield Asset Management Statements of Operations | ||||||||||||
| Three Months Ended | Six Months Ended | |||||||||||
| Unaudited For the periods ended | June 30 | June 30 | June 30 | June 30 | ||||||||
| (US$ millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 | ||||||||
| Revenues | ||||||||||||
| Base management and advisory fees | $ | 919 | $ | 815 | $ | 1,779 | $ | 1,652 | ||||
| Incentive fees | 128 | 116 | 258 | 233 | ||||||||
| Carried interest income | 553 | (63 | ) | 665 | (61 | ) | ||||||
| Other revenues | 153 | 222 | 389 | 347 | ||||||||
| Total revenues | 1,753 | 1,090 | 3,091 | 2,171 | ||||||||
| Expenses | ||||||||||||
| Compensation and operating | (548 | ) | (504 | ) | (1,023 | ) | (847 | ) | ||||
| Interest | (60 | ) | (37 | ) | (107 | ) | (50 | ) | ||||
| Carried interest allocation compensation | (51 | ) | (16 | ) | (262 | ) | (162 | ) | ||||
| Total expenses | (659 | ) | (557 | ) | (1,392 | ) | (1,059 | ) | ||||
| Other income (expenses) | 41 | (55 | ) | 62 | (110 | ) | ||||||
| Share of income from equity method investments | 199 | 181 | 269 | 239 | ||||||||
| Income before taxes | 1,334 | 659 | 2,030 | 1,241 | ||||||||
| Income tax expense | (162 | ) | (75 | ) | (272 | ) | (150 | ) | ||||
| Net income | 1,172 | 584 | 1,758 | 1,091 | ||||||||
| Net (income) loss attributable to non-controlling interests | (268 | ) | 36 | (237 | ) | 110 | ||||||
| Net income attributable to BAM | $ | 904 | $ | 620 | $ | 1,521 | $ | 1,201 | ||||
| Net income attributable to BAM per share | ||||||||||||
| Basic | $ | 0.56 | $ | 0.38 | $ | 0.95 | $ | 0.74 | ||||
| Diluted | $ | 0.56 | $ | 0.38 | $ | 0.94 | $ | 0.74 | ||||
SELECT FINANCIAL INFORMATION
RECONCILIATION OF NET INCOME TO FEE-RELATED EARNINGS AND DISTRIBUTABLE EARNINGS
| Three Months Ended | Six Months Ended | |||||||||||
| Unaudited For the periods ended | June 30 | June 30 | June 30 | June 30 | ||||||||
| (US$ millions) | 2026 | 2025 | 2026 | 2025 | ||||||||
| Net income | $ | 1,172 | $ | 584 | $ | 1,758 | $ | 1,091 | ||||
| Add or subtract the following: | ||||||||||||
| Provision for taxes1 | 162 | 75 | 272 | 150 | ||||||||
| Depreciation and amortization2 | 20 | 11 | 40 | 14 | ||||||||
| Carried interest allocations3 | (553 | ) | 63 | (665 | ) | 61 | ||||||
| Carried interest allocation compensation3 | 51 | 16 | 262 | 162 | ||||||||
| Other income and expenses4 | (41 | ) | 55 | (62 | ) | 110 | ||||||
| Interest expense5 | 60 | 37 | 107 | 50 | ||||||||
| Interest and dividend revenue5 | (36 | ) | (42 | ) | (65 | ) | (62 | ) | ||||
| Other revenues6 | (117 | ) | (197 | ) | (324 | ) | (312 | ) | ||||
| Share of income from equity method investments7 | (199 | ) | (181 | ) | (269 | ) | (239 | ) | ||||
| Fee-related earnings of equity method investments at our share7 | 170 | 103 | 314 | 209 | ||||||||
| Compensation costs recovered from affiliates8 | 101 | 137 | 168 | 129 | ||||||||
| Other adjustments9 | 18 | 15 | 44 | 11 | ||||||||
| Fee-related earnings | 808 | 676 | 1,580 | 1,374 | ||||||||
| Add: Investment & other income (net of interest expense)10 | (27 | ) | 14 | (16 | ) | 47 | ||||||
| Add: Equity-based compensation costs10 | 23 | 11 | 37 | 25 | ||||||||
| Less: Cash taxes11 | (97 | ) | (88 | ) | (192 | ) | (179 | ) | ||||
| Distributable earnings | $ | 707 | $ | 613 | $ | 1,409 | $ | 1,267 | ||||
- This adjustment removes the impact of income tax provisions on the basis that we do not believe this item reflects the present value of the actual tax obligations that we expect to incur over the long-term due to the substantial deferred tax assets of BAM.
- This adjustment removes the depreciation and amortization on property, plant and equipment and intangible assets, which are non-cash in nature and therefore excluded from FRE as well as certain capital depreciation costs recharged from BAM's affiliates.
- These adjustments remove the impact of both unrealized and realized carried interest allocations and the associated compensation expense. Unrealized carried interest allocations and associated compensation expense are non-cash in nature. Carried interest allocations and associated compensation costs are included in DE once realized.
- This adjustment removes other income and expenses associated with fair value changes for consolidated entities and funds.
- This adjustment removes interest and charges paid or received by consolidated entities and funds.
- This adjustment adds back other revenues earned that are non-cash in nature.
- These adjustments remove our share of equity method investments' earnings, including items 1) to 6) above and include its share of equity method investments' fee-related earnings.
- This item adds back compensation costs that will be borne by affiliates.
- This adjustment adds base management fees earned from funds that are eliminated upon consolidation and other items.
- This adjustment adds back equity-based compensation and other income associated with BAM’s portion of equity method investments' realized carried interest, investment income and other items.
- Represents the impact of cash taxes paid by the business.
RECONCILIATION OF BASE MANAGEMENT AND ADVISORY FEES TO FEE REVENUES
| Three Months Ended | Six Months Ended | |||||||||
| Unaudited For the periods ended | June 30 | June 30 | June 30 | June 30 | ||||||
| (US$ millions) | 2026 | 2025 | 2026 | 2025 | ||||||
| Base management and advisory fees | $ | 919 | $ | 815 | $ | 1,779 | $ | 1,652 | ||
| Incentive fees1 | 128 | 116 | 258 | 233 | ||||||
| Fee revenues from equity method investments2 | 439 | 358 | 861 | 717 | ||||||
| Other adjustments3 | 8 | (4 | ) | 22 | (17 | ) | ||||
| Fee revenues | $ | 1,494 | $ | 1,285 | $ | 2,920 | $ | 2,585 | ||
- This adjustment adds incentive distributions that are included in fee revenues.
- This adjustment adds Oaktree management fees at
100% ownership and our proportionate share of partner manager earnings. - This adjustment involves base management fees earned from funds that are eliminated upon consolidation and other items.
Additional Information
Shareholders are encouraged to review additional information about Brookfield Asset Management’s results, available on our website under the “Reports & SEC Filings” section at bam.brookfield.com. The Supplemental for the three months and twelve months ended June 30, 2026 is available today and provides further detail on the company’s strategy, operations and financial results. Our Second Quarter 2026 shareholder letter will be published on August 13, 2026, providing discussion on some of the major themes shaping Brookfield’s long-term strategy and outlook.
The statements contained herein are based primarily on information that has been extracted from our financial statements for the quarter ended June 30, 2026, which have been prepared using U.S. GAAP. The amounts have not been audited by BAM’s external auditor.
BAM’s Board of Directors has reviewed and approved this document, including the summarized unaudited consolidated financial statements, prior to its release.
Information on our dividends can be found on our website under the “Share Information” section at bam.brookfield.com.
Quarterly Earnings Call Details
Investors, analysts and other interested parties can access BAM’s Second Quarter 2026 Results as well as the Supplemental Information on its website under the “Reports & SEC Filings” section at bam.brookfield.com.
To participate in the Conference Call today at 10:00 a.m. ET, please preregister at https:// register-conf.media-server.com/register/BI25c79b4fce1542938abfce53ebcca730.
Upon registering, you will be emailed a dial-in number, and unique PIN.
The Conference Call will also be webcast live at https://edge.media-server.com/mmc/p/bqd6oehs. For those unable to participate in the Conference Call, the telephone replay will be archived and available for 90 days, or on our website at bam.brookfield.com.
About Brookfield Asset Management
Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over
Please note that Brookfield Asset Management Ltd.’s previous audited annual and unaudited quarterly reports have been filed on EDGAR and SEDAR+ and can also be found in the investor section of its website at bam.brookfield.com. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.
For more information, please visit our website at www.brookfield.com or contact:
| Media: Simon Maine Tel: (332) 298-0447 Email: simon.maine@brookfield.com | Investor Relations: Jason Fooks Tel: (866) 989-0311 Email: jason.fooks@brookfield.com |
Non-GAAP and Performance Measures of our Asset Management Business
This news release and accompanying financial information are based on generally accepted accounting principles in the United States of America (“U.S. GAAP”).
We make reference to Distributable Earnings (“DE”), which is referring to the sum of its fee-related earnings, realized carried interest, realized principal investments, interest expense, and general and administrative expenses; excluding equity-based compensation costs and depreciation and amortization. The most directly comparable measure disclosed in the primary financial statements of Brookfield Asset Management for DE is net income. This provides insight into earnings received by the company that are available for distribution to common shareholders or to be reinvested into the business.
We use Fee-Related Earnings (“FRE”) and DE to assess our operating results and the value of Brookfield’s business and believe that many shareholders and analysts also find these measures of value to them.
We disclose a number of financial measures in this news release that are calculated and presented using methodologies other than in accordance with U.S. GAAP. These financial measures, which include FRE and DE, should not be considered as the sole measure of our performance and should not be considered in isolation from, or as a substitute for, similar financial measures calculated in accordance with U.S. GAAP. We caution readers that these non-GAAP financial measures or other financial metrics are not standardized under U.S. GAAP and may differ from the financial measures or other financial metrics disclosed by other businesses and, as a result, may not be comparable to similar measures presented by other issuers and entities.
We provide additional information on key terms and non-GAAP measures in our filings available at bam.brookfield.com.
Notice to Readers
BAM is not making any offer or invitation of any kind by communication of this news release and under no circumstance is it to be construed as a prospectus or an advertisement.
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies, capital management and outlook of BAM and its subsidiaries, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of BAM are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “target”, “project”, “forecast”, “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to future results, performance, achievements, prospects or opportunities of BAM and the US, Canadian or international markets.
Although BAM believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: (i) volatility in the trading price of our class A limited voting shares; (ii) deficiencies in public company financial reporting and disclosures; (iii) the difficulty for investors to effect service of process and enforce judgments in various jurisdictions; (iv) being subjected to numerous laws, rules and regulatory requirements; (v) the potential ineffectiveness of our policies to prevent violations of applicable law; (vi) foreign currency risk and exchange rate fluctuations; (vii) further increases in interest rates; (viii) political instability or changes in government; (ix) unfavorable economic conditions or changes in the industries in which we operate; (x) inflationary pressures; (xi) catastrophic events, such as earthquakes, hurricanes, or pandemics/epidemics; (xii) ineffective management of sustainability considerations, and inadequate or ineffective health and safety programs; (xiii) failure of our information technology systems; (xiv) failure to adopt AI in support of our business objectives (xv) us and our managed assets becoming involved in legal disputes; (xvi) losses not covered by insurance; (xvi) inability to collect on amounts owing to us; (xviii) operating and financial restrictions through covenants in our loan, debt and security agreements; (xix) our ability to maintain our global reputation; (xx) risks related to our infrastructure, energy, private equity, real estate, and credit strategies; (xxi) the impact of poor product development or marketing efforts on fee-bearing capital; (xxii) managing our cash flow and meeting our financial obligations; (xxiii) our acquisitions; (xxiv) requirement of temporary investments and backstop commitments to support our asset management business; (xxv) revenues impacted by a decline in the size or pace of investments made by our managed assets; (xxvi) our earnings growth can vary, which may affect our dividend and the trading price of our class A limited voting shares; (xxvii) exposed risk due to increased amount and type of investment products in our managed assets; (xxviii) information barriers that may give rise to conflicts and risks; (xxix) Brookfield Corporation (“BN”) exercising substantial influence over BAM; (xxx) BN transferring the ownership of BAM to a third party; (xxxi) potential conflicts of interest with BN; (xxxii) difficulty in maintaining our culture or managing our human capital; (xxxiii) United States and Canadian taxation laws and changes thereto and (xxxiv) other factors described from time to time in our documents filed with the securities regulators in the United States and Canada.
We caution that the foregoing list of important factors that may affect future results is not exhaustive and other factors could also adversely affect future results. Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, BAM undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
Past performance is not indicative nor a guarantee of future results. There can be no assurance that comparable results will be achieved in the future, that future investments will be similar to historic investments discussed herein, that targeted returns, growth objectives, diversification or asset allocations will be met or that an investment strategy or investment objectives will be achieved (because of economic conditions, the availability of appropriate opportunities or otherwise).
