We currently have all fiber flagship funds and several other complementary strategies in some stage of fundraising this year.
Despite macroeconomic headwinds that generally make all business harder, we expect 2023 to be another very strong year for the business overall and for fundraising on par with 2022, which was a record year for our business. Inflows year-to-date have been $19 billion, which on a 12-month basis, that’s almost $100 billion in the last period. We posted distributable earnings of $563 million that was up 15% compared to the prior year. And with that, I will turn the call over to Bruce.īruce Flatt: Through a strong start in 2023, our financial performance was strong and we have good momentum on fundraising. and the information available on our website. For further information on these risks and their potential impacts on our company, please see our filings with the securities regulators in Canada and the U.S. They are subject to known and unknown risks and future events and results may differ materially from such statements. These statements reflect predictions of future events and trends and do not relate to historic events. I’d like to remind you that in today’s comments including in responding to questions and in discussing new initiatives in our financial and operating performance, we may make forward-looking statements, including forward-looking statements within the meaning of applicable Canadian and U.S.
If you have additional questions, please rejoin the queue and we will be happy to take any additional questions at the end, if time permits. In order to accommodate all those who want to ask questions, we ask that you refrain from asking more than two questions at one time.
After our formal comments, we will turn the call over to the operator and take analyst questions. Bruce will start the call today with opening remarks, followed by Connor who will talk about some of the themes we are focused on and finally, Bahir will discuss financial and operating results for the business. Suzanne Fleming: On the call today are Bruce Flatt, our Chief Executive Officer Connor Teskey, President, Brookfield Asset Management and Bahir Manios, our Chief Financial Officer. I would now like to hand the conference call over to our first speaker, Ms. Operator: Hello and welcome to the Brookfield Asset Management First Quarter 2023 Conference Call and Webcast.
Reported EPS is $0.34, expectations were $0.33.
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