Count Brookfield Asset Management among the growing number of distressed-debt evangelists. “This is one of the great environments, possibly, to buy distressed debts that may have ever been in existence,” CEO Bruce Flatt said on the company’s first-quarter earnings call Thursday. The firm reported a net loss of $157 million for the first quarter, a stark contrast to the roughly $1.3 billion profit during the same period last year. However, Flatt still struck a mostly
source https://therealdeal.com/2020/05/14/brookfield-makes-a-full-court-press-on-distress/
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