Private Manager still to fall with peersBrookfield CorporationBATS:BNHanwilHoldingsBrookfield is a business that originally was mostly conservative infrastructure but in recent years through acquisitions and aggressive organic diversification has become very exposed to private credit, private equity and a range of other, hard to value "alternative assets". The peer-group of Blackstone, Apollo, Carlyle, Ares and others are now falling rapidly as the market rightly question the valuation of their funds, the ability to attract additional capital and where default rates are going. Brookfield is seen as a higher quality standard; I think that's wrong, certainly not so much better that the price can stay here while the rest collapse. There are multiple gaps; I expect the one at 33 will get filled quite quickly; the next one at 20 will take more time but it too, will get filled before the bear market is complete.