Giant Canadian fund braced for Brazilian bounce
Brookfield is working on a deal with Petrobras to acquire Brazilian assets. (Petrobras)
Bruce Flatt likes a hot mess. The chief executive of Brookfield Asset Management claimed earlier this year that his investment philosophy was "anything unfavourable".
It was a joke, but only just. Brookfield, which manages more than $225 billion of so-called ‘real assets’ such as property, renewable energy and infrastructure, is increasing its bet on Brazil, a country mired in recession and political crisis.