Insignia Financial says it has not received Brookfield takeover bid

The news: Wealth manager Insignia Financial has confirmed that it has not received a takeover proposal by Brookfield, after a media report overnight claimed the global investment giant is actively considering tabling a bid.

The numbers: Insignia shares were up 1.3% to $4.09 in early trading on the ASX, extending gains of around 35% over the last month amid wider takeover interest.

The context: Insignia released the statement after The Australian reported that Brookfield was "actively weighing" a bid for the wealth group. The report claimed the New York-based firm's approach was made on 3 January and disclosed to Insignia's investors on Monday.

Any offer would mark the third approach from a US private equity heavyweight within a month, having rejected a $2.7 billion bid by Bain Capital in December, and confirmed receipt of a $2.9 billion proposal by CC Capital earlier this week.