Brookfld Asset Management Ltd. Reports Q4 Profit Decline

[Para 1: The Lead] Brookfld Asset Management Ltd. (NYSE: BMAM) reported a 12% decrease in fourth-quarter profit, down to $150 million from $170 million in the same period last year. The company cited increased operational costs and market volatility as key factors impacting its financial results. BMAM's stock price fell 5% in after-hours trading following the announcement. [Para 2-3: Supporting details & Context] The quarter saw BMAM's revenue drop by 8%, to $500 million, compared to $540 million in Q4 2025. The company's management attributed the decline to higher-than-expected expenses and a challenging market environment. BMAM's focus on managing these challenges includes cost-cutting measures and strategic investments in new opportunities. The company's total assets under management stood at $20 billion as of December 31, 2025, reflecting a slight decrease from the previous quarter.