Ayalon (4D) Global Stocks, managed by Ayalon Trust Funds Ltd. on Brookfield Corporation
Thesis
Brookfield is viewed as a compounding asset-management platform whose scale and fee streams can grow with assets under management. The letter says Brookfield has increased AUM at roughly 20 percent annually, allowing shareholders to participate in management and success fees. The company is also investing in AI beneficiaries, particularly data centers, adding another potential growth engine. Although the parent stock fell despite double-digit earnings growth, the manager believes Brookfield can continue building toward a Berkshire Hathaway-like model.
“Brookfield continues to increase the AUM (Assets Under Management) on average by ~20% per annum.”
Key risks
- Leadership transition after Bruce Flatt was replaced as CEO
- The Berkshire Hathaway-like model still requires successful long-term execution