Headcount ManagementManagement's decision to hold headcount flat despite increasing assets under management suggests a cautious approach, potentially limiting growth opportunities.
RedemptionsThe company faced a significant $20 billion redemption due to the merger of Brookfield-American Equity and an additional $35 billion in low fee net redemptions in institutional equity index.
Stock Price TargetThe stock price target has been reduced due to modestly lower base earnings, excluding certain deals and associated leverage.