By Allison Prang
Brookfield Asset Management Inc.'s revenue slumped and profit declined from a year ago.
Brookfield's profit was $172 million for the quarter, down from $947 million a year ago. Earnings were 10 cents a share, down from 61 cents a share.
Funds from operations were 65 cents a share, up from 54 cents a share a year ago.
Revenue fell a little more than 9% from a year ago to $16.25 billion.
Brookfield said it raised $18 billion of private fund capital during the three-month period.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
11-12-20 0743ET