Brookfield Asset Management Kickstarts 10% Share Buyback Plan

Brookfield Asset Management renewed its plan to buy back roughly 10% of its outstanding shares, the company said in a filing on Friday.

The New York-based money manager repurchased roughly 6.5 million Class A shares as of Dec. 31, at a weighted average price of $54.14. Brookfield plans to ultimately repurchase some 37 million of those outstanding shares.