Investment consultant Aksia LLC rescinded its approval for Brookfield Asset Management’s special situations fund after two top executives left, according to Bloomberg News.
Chief Investment Officer Angelo Rufino’s recent exit came after the departure earlier this year of the group’s former head, David Levenson, reported Bloomberg. Rufino is heading to Bain Capital to be a senior member of its special situations arm. Brookfield expects a first close for the second fund early next year amid strong interest in the fund.