4 Buy Ideas From Precious Metals-Focused Hedge Fund Sprott Asset Management
Ganaxi Small Cap Movers submits:
The Toronto-based hedge fund company Sprott Asset Management LP, with $4.5 billion in assets under management, including $1 billion in equity assets was founded in 2000, and is led by Chairman and Chief Investment Officer Eric Sprott. The company was spun-off the asset management business of Sprott Securities, now called Cormark Securities Inc., which Mr. Sprott founded in 1981. The company is also a wholly-owned subsidiary of Sprott Inc., which was taken public on the Toronto stock exchange in 2008. Sprott is a gold- and resource-focused fund manager that has been offering managed accounts since 1981, the Sprott family of mutual funds since 1997 and a family of long/short funds since 2000. Sprott’s lead hedge fund strategy with $650 million in net assets has delivered $21.9% annualized return since inception in November, 2007 versus less than 2% for the S&P 500 during the same period.
The fund holds a diversifiedComplete Story »