Diversified Financials
Diversified financials — alternative-asset managers, holding companies and specialty lenders — are judged less on a lending balance sheet and more on fee-related and distributable earnings, book value and return on equity. We watch fee-bearing capital, the durability of earnings, leverage and how capital is returned or reinvested.
Reports in Diversified Financials
Brookfield Corporation
A global owner-operator and alternative-asset compounder whose value sits in its 73% stake in Brookfield Asset Management, a wealth-solutions insurer, and a carried-interest-rich operating portfolio.
Brookfield Asset Management
A pure-play, capital-light global alternative-asset manager earning recurring fees on over US$1 trillion of assets under management.
Brookfield Infrastructure Partners
A globally diversified owner of critical, largely inflation-linked infrastructure — utilities, transport, midstream and fast-growing data assets — that funds a rising distribution from stable FFO.
Power Corporation of Canada
A family-controlled Canadian holding company whose value comes chiefly from controlling stakes in insurer Great-West Lifeco and wealth manager IGM Financial, plus alternative-asset and venture holdings.
IGM Financial
Canada's largest independent wealth and asset manager, riding record client flows and a Wealthsimple stake to all-time-high adjusted earnings.
Onex Corporation
A private-equity and credit manager trading roughly a third below its own investing capital per share, now building an insurance flywheel with AIG and Convex.
TMX Group
The near-monopoly operator of Canada's stock and derivatives exchanges, compounding through recurring data/analytics revenue and global expansion.
Element Fleet Management
The world's largest pure-play commercial fleet manager — a capital-light services compounder growing net revenue at a steady mid-teens pace.
goeasy
Canada's largest non-prime consumer lender, whose shares fell roughly 70% after a large Q4 2025 credit charge pushed it into a trailing-twelve-month loss.