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Brookfield Asset Management Inc (NYSE:BAM) shares are trading relatively flat on Tuesday. The company announced the closing of a $1.5 billion strategic partnership with Castlelake L.P. Brookfield acquired a 51% stake in Castlelake’s fee-related earnings, and Brookfield Wealth Solutions committed to investing in Castlelake’s investment strategies and private funds. Castlelake will continue to operate independently, maintaining its current governance and leadership structure, with Rory O’Neill as Executive Chair and Evan Carruthers as CEO and CIO. It will also retain majority ownership of its performance-related earnings. In ...


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