brookfield asset management inc reported a rise in profit and revenue while funds from operations fell in the first quarter the canadian alternative investment management companies said pershare earnings were 81 cents up from 77 cents in the comparable quarter a year ago net income was 136 billion compared with 124 billion a year ago funds from operations fell to 16 billion from 282 billion chief executive nick goodman said financial results in the first quarter were very strong and thanks to our extensive global holdings of inflation protected cashgenerating assets our results are accelerating in the current macro environment