Silver Beach Capital, a value-driven investment management firm, has released its fourth quarter 2023 investor letter. You can download a copy of the same here. For all of 2023, the fund returned 27.7% net of fees, compared to 23.7% for the S&P 500 and 13.0% for the Russell 2000. Since its inception, the fund has delivered a compound annual return of 22.1%, which equates to an annualized outperformance of the S&P 500 of 12.8%. The company is pleased with its outstanding performance over the past three years, especially its outperformance against the index in 2023. Plus, check out the fund's top 5 holdings to find out the best stocks for 2023.
Silver Beach Capital featured stocks such as Brookfield Asset Management, Inc. (NYSE:BAM) in its Q4 2023 Investor Letter. Brookfield Asset Management Limited (NYSE:BAM), headquartered in Toronto, Canada, is a real estate investment company. On February 14, 2024, Brookfield Asset Management Limited (NYSE: BAM) stock closed at $40.20 per share. His 1-month return for Brookfield Asset Management, Inc. (NYSE: BAM) is 5.07%, and the company's stock has increased his 13.62% in value over the past 52 weeks. Brookfield Asset Management, Inc. (NYSE:BAM) has a market capitalization of $15,689 million.
Silver Beach Capital said the following about Brookfield Asset Management, Inc. (NYSE:BAM) in its Q4 2023 investor letter:
“Brookfield Corporation has a strong investment track record, having amassed the world's largest pool of discretionary capital focused on managing and owning investments in infrastructure, renewable energy, real estate, insurance, private equity, and credit. Brookfield Corporation is a high-quality company that provides investment products and services focused on these areas to institutional and individual clients through its asset-light investment management business. Brookfield Asset Management Co., Ltd. (NYSE:BAM).
Brookfield Corporation controls 75% of Brookfield Asset Management, and both companies are led by Bruce Flatt. Bruce has spent nearly his entire career at Brookfield since joining at the age of 25. Bruce became CEO in 2002 when he was 37 years old. Bruce and other insiders are aligned with shareholders who own over $10 billion of Brookfield stock…” (Click here to read the full story)
Skyline of modern office towers built with investment from alternative asset management companies.
Brookfield Asset Management, Inc. (NYSE:BAM) isn't on our list of 30 most popular stocks among hedge funds. Our database shows that 19 hedge fund portfolios owned Brookfield Asset Management Limited (NYSE:BAM) at the end of the third quarter, compared to 21 in the prior quarter. Additionally, for investor letters from hedge funds and other leading investors, please visit our Hedge Fund Investor Letters Q4 2023 page.
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Disclosure: None. This article was originally published on Insider Monkey.
