Brookfield Corporation Bought Back $1 Billion of Its Own Stock. Is This the Bottom for Alternative Asset Managers?
Written by Reuben Gregg Brewer for The Motley Fool -> Brookfield Corporation is a large and respected Canadian asset manager. The company is buying back its own stock even as investor concerns around alternative asset managers increase. BlackRock (NYSE: BLK) and Blue Owl Capit
Brookfield Corporation is a large and respected Canadian asset manager.
The company is buying back its own stock even as investor concerns around alternative asset managers increase.
BlackRock (NYSE: BLK) and Blue Owl Capital (NYSE: OWL) have both imposed limits on redemptions from their privately traded credit funds. That has Wall Street on edge about the entire alternative asset space, with shares of Brookfield Corporation (NYSE: BN) having gone sideways so far in 2026 despite management's still bullish business outlook. The company isn't sitting around and waiting for investors to catch on to the opportunity.
As an asset manager, Brookfield Corporation charges fees to invest on behalf of other people and businesses. In the first quarter of 2026, the company's fee-related earnings rose 11% year over year. Fee-bearing capital stood at $614 billion in the first quarter. It has a very solid foundation, and the business doesn't appear to be facing any material problems. However, Wall Street's concerns about the broader asset management space continue to weigh on the stock.
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To be fair, the company is working through a business change, as it seeks to simply its operating structure. It basically wants to become more like Berkshire Hathaway (NYSE: BRKA) (BRKB), which operates as an investment-led insurance company . There are a lot of moving parts, but the goal is very clear, and the business continues to execute well. The business transition isn't a good enough reason to avoid the stock.
What's interesting here is that Brookfield Management repurchased $1 billion in stock in the first quarter, split between its own stock and the stock of its controlled asset management business, Brookfield Asset Management (NYSE: BAM) . Shares of Brookfield Asset Management are off by around 7% so far in 2026, as of this writing.
Regarding Brookfield Management, the company's average purchase price for its own stock was $41 per share in the quarter. It stated that this was a 40% discount to what it believes its intrinsic value to be. A little math suggests that Brookfield Management believes it is worth nearly $60 per share. The current stock price is roughly $46. Investors willing to buy while others are fearful could still have an opportunity here, essentially following management's lead.
