TORONTO — Brookfield Asset Management Inc., which has a history reaching back more than a century, says 2013 was its best financial year ever.The Toronto-based company, which manages investments in the real estate, power generation, infrastructure and forestry sectors through subsidiaries and partnerships, had US$3.8 billion in net income.That’s about a billion dollars more than in 2012.Brookfield’s assets under management increased to US$187 billion at the end of 2013, with fee-bearing capital rising 32 per cent to US$80 billion.In the fourth quarter ended Dec. 31, Brookfield’s net income was US$850 million, or $1.08 per diluted share — up from $779 million or 72 cents per share in the final three months of 2012.Brookfield said its net income, which was up 9% year-year, was affected by a smaller increase in property values compared with the especially big gain a year earlier.Meanwhile, Brookfield’s funds from operations during the quarter more than doubled to US$1.03 billion, or $1.59 per share, from US$459 million or 67 cents per share a year earlier.
BEAVER CREEK, Colo. — Max Franz of Austria conquered the snow and fog Saturday for his first World Cup super-G victory.Racing was delayed an hour as course workers cleared a considerable amount of snow from the track. With snowflakes still falling, Franz found just a little more speed in a tightly contested event.He finished in 1 minute, 1.91 seconds, holding off Mauro Caviezel of Switzerland by 0.33 seconds. There was a three-way tie for third among Norwegian teammates Aksel Lund Svindal and Aleksander Aamodt Kilde and Italy’s Dominik Paris. The trio was 0.41 seconds behind.It’s the second straight day Caviezel and Svindal wound up on the podium. They finished in the same spots during the downhill.Franz won a downhill last weekend at Lake Louise.Pat Graham, The Associated Press