Key Takeaways
- • Portfolio management leadership restructured: Craig Noble (CFA) and Larry Antonatos assume joint primary responsibility for day-to-day management of Brookfield Real Assets Income Fund Inc. (NYSE: RA), with authority over strategic asset allocation across corporate credit, securitized credit, and equity securities.
- • Corporate credit team expanded: Dana Erikson (CFA) and Dan Parker (CFA) are jointly designated as primary managers of the Fund's corporate credit sleeve, working in coordination with the broader portfolio management team.
- • Sub-adviser partnership retained: Schroder Investment Management North America Inc. continues as investment sub-adviser, managing a portion of Fund assets within the securitized credit investment sleeve, ensuring continuity in specialized credit strategies.
- • Significant AUM platform: Brookfield Investment Management Inc. operates with approximately $20 billion in assets under management as of June 30, 2018, serving institutional and individual clients including pension plans, insurance companies, endowments, and sovereign wealth funds.
- • SEC-registered investment adviser: Brookfield Investment Management Inc. operates as the wholly-owned subsidiary of Brookfield Asset Management and is registered with the SEC, providing global listed real assets strategies across real estate equities, infrastructure equities, and real asset debt.
Summary
Brookfield Real Assets Income Fund Inc. announced a restructuring of its portfolio management team effective September 4, 2018, establishing a clearer leadership hierarchy for the $20 billion-plus real assets fund. Craig Noble and Larry Antonatos were appointed as joint primary portfolio managers with comprehensive authority over day-to-day fund operations and strategic asset allocation decisions across the Fund's three primary investment sleeves: corporate credit, securitized credit, and equity securities.
The restructuring also formalized the corporate credit management function by designating Dana Erikson and Dan Parker as jointly responsible for the corporate credit sleeve specifically. This dual-manager structure for specialized credit functions represents a distributed expertise model that allows the portfolio management team to leverage specialized skill sets across asset classes. Both Erikson and Parker hold CFA designations, underscoring the credential requirements for senior portfolio management roles within the Fund's structure.
The Fund maintains an investment partnership with Schroder Investment Management North America Inc., which serves as investment sub-adviser and manages a portion of Fund assets within the securitized credit investment sleeve. This external partnership arrangement allows Brookfield to augment internal investment capabilities with specialized securitized credit expertise while maintaining overall portfolio coordination through the primary portfolio management team.
Brookfield Investment Management Inc., the investment adviser overseeing the Fund, is a wholly-owned subsidiary of Brookfield Asset Management operating under SEC registration. As of mid-2018, the Firm managed approximately $20 billion in assets across separate accounts, registered funds, and opportunistic strategies serving a diversified institutional and high-net-worth client base including public and private pension plans, insurance companies, endowments, foundations, and sovereign wealth funds. The restructuring reflects the Firm's commitment to maintaining specialized expertise across multiple real asset categories while centralizing strategic decision-making authority.
The restructuring also formalized the corporate credit management function by designating Dana Erikson and Dan Parker as jointly responsible for the corporate credit sleeve specifically. This dual-manager structure for specialized credit functions represents a distributed expertise model that allows the portfolio management team to leverage specialized skill sets across asset classes. Both Erikson and Parker hold CFA designations, underscoring the credential requirements for senior portfolio management roles within the Fund's structure.
The Fund maintains an investment partnership with Schroder Investment Management North America Inc., which serves as investment sub-adviser and manages a portion of Fund assets within the securitized credit investment sleeve. This external partnership arrangement allows Brookfield to augment internal investment capabilities with specialized securitized credit expertise while maintaining overall portfolio coordination through the primary portfolio management team.
Brookfield Investment Management Inc., the investment adviser overseeing the Fund, is a wholly-owned subsidiary of Brookfield Asset Management operating under SEC registration. As of mid-2018, the Firm managed approximately $20 billion in assets across separate accounts, registered funds, and opportunistic strategies serving a diversified institutional and high-net-worth client base including public and private pension plans, insurance companies, endowments, foundations, and sovereign wealth funds. The restructuring reflects the Firm's commitment to maintaining specialized expertise across multiple real asset categories while centralizing strategic decision-making authority.
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