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Brookfield Exclusive: Why are Institutional Investors Backing Out?

Investment consultant Aksia LLC has withdrawn its approval for Brookfield Asset Management’s special-situations fund.

Brookfield's Bruce Flatt faces challenges as two top executives leave, leading to Aksia's withdrawal of special-situations fund approval. PHOTO: ALP/Shutterstock
Brookfield’s Bruce Flatt faces challenges as two top executives leave, leading to Aksia’s withdrawal of special-situations fund approval. PHOTO: ALP/Shutterstock

The move comes after the recent departure of two top executives, Chief Investment Officer Angelo Rufino and the former head of the group, David Levenson.

Rufino has joined Bain Capital as a senior member of its

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