Xu Chuanzhi Nearly seven months after Chinese authorities announced that Xu Chuanzhi was under investigation, the former top discipline official in Ningxia has been indicted on two bribery-related charges and will stand trial in the eastern city of Ningbo. China’s Supreme People’s Procuratorate said May 11 that Xu, a former deputy-ministerial-level inspector for the Communist Party’s central inspe...
Xu Chuanzhi Nearly seven months after Chinese authorities announced that Xu Chuanzhi was under investigation, the former top discipline official in Ningxia has been indicted on two bribery-related charges and will stand trial in the eastern city of Ningbo. China’s Supreme People’s Procuratorate said May 11 that Xu, a former deputy-ministerial-level inspector for the Communist Party’s central inspection teams, was suspected of taking bribes and accepting bribes through the use of influence. The case was investigated by the National Supervisory Commission and transferred to prosecutors for review and indictment.
cmart7327/E+ via Getty Images Brookfield Asset Management ( BAM ) is a buy-the-dip opportunity as the asset manager is trading around 22% below its 52-week high even as it's set to beat long-term growth targets. BAM is also paying a healthy dividend yield and reported strong fee-bearing capital growth and distributable EPS that beat analyst consensus. BAM raised $21 billion during the first quarte...
cmart7327/E+ via Getty Images Brookfield Asset Management ( BAM ) is a buy-the-dip opportunity as the asset manager is trading around 22% below its 52-week high even as it's set to beat long-term growth targets. BAM is also paying a healthy dividend yield and reported strong fee-bearing capital growth and distributable EPS that beat analyst consensus. BAM raised $21 billion during the first quarter, with this down from the record $35 billion in the fourth quarter and from $25 billion a year ago. This saw fee-bearing capital rise to end the first quarter at $614 billion. While the cadence of capital formation was down versus the year-ago comp and dipped from the strong fourth quarter, BAM was able to drive strong fee-bearing capital growth in a quarter that was defined by intense market fears around a possible credit blowup, with redemptions from private credit funds forcing asset managers to cap withdrawals. BAM's Oaktree Capital Management met 8.5% of the redemption it received in the first quarter for a private credit fund it manages. I last covered the ticker with a Buy rating, and it's up 12% since then as some of the market's fears around private credit have subsided. Brookfield Asset Management Fiscal 2026 First Quarter Supplemental BAM last declared a quarterly cash dividend of $0.5025 per share , kept unchanged from its prior distribution, and $2.01 per share annualized, for a 4.04% dividend yield. This was hiked by 15% in February, with the quarterly distributions up 57% from $0.32 per share 3 years ago. My baseline expectation is for the dividend to grow by at least 10% annually through to 2029, with BAM set to continue to ramp up capital formation and fee-bearing capital from investor demand for exposure to digital infrastructure, credit, and energy. BAM's fee-bearing capital is up around 12% over the last year, with inflows of $63 billion over this period. There have been outflows of around $25 billion, with BAM flagging that this was from their liquid c...