Financial PerformanceManagement fees came in 1% below Consensus expectations amid a slight average AUM miss.
Market ConditionsKey risks include the US’s economic slowdown, prolonged high market interest rates, noticeable contraction in market liquidity, and a substantial correction in global asset valuation.
RedemptionsIn 2Q24, it was impacted by a $20B redemption relating to the merger of Brookfield-American Equity and from $35B of low fee net redemptions in institutional equity index.