Sprott to Sell Canadian Diversified Fund Business
Post# of 301275
TORONTO, April 12, 2017 (GLOBE NEWSWIRE) -- Sprott Asset Management LP (SAM), a wholly-owned subsidiary of Sprott Inc. (“Sprott”), is pleased to announce that it has entered into an agreement to sell its Canadian diversified fund business to a management-led group.
John Wilson, CEO and co-CIO of SAM, and James Fox, President of SAM, will be co-Managing Partners of the new firm. The agreement is expected to be finalized in the coming months, pending regulatory approvals.
“This agreement marks a new and exciting era for our clients and our employees – one where the new company’s management team is fully aligned behind one idea: continue our growth as an exceptional fund management business that uses innovative thinking to help advisors succeed,” says Wilson.
“Our Canadian diversified asset management business has been showing significant growth over the last 5 years,” says Fox. “We’ve had great success with our alternative income products, flow-through offerings, energy offerings, and our core equity and credit products. These are things that few others are doing in the same way. Our team is incredibly excited to be able to bring all our passion to bear on delivering more of this kind of innovation to Canadian investors.”
Highlights of the new group:
- More than $3 billion in assets under management;
- Unique investment solutions that help financial advisors differentiate their businesses and add significant value to their clients’ portfolios;
- A suite of investment offerings that includes Alternative Core solutions, Alternative Income solutions, and Real Asset solutions;
- Sub-advisory relationships with SAM on world-class gold, precious metals, and resource strategies.
About Sprott Asset Management
Sprott Asset Management is a Toronto-based asset management company that is dedicated to being the most innovative fund company in Canada. Through its diversified offering of mutual funds, hedge funds, physical bullion funds and specialty products, it gives financial advisors unique investment solutions that can help them to differentiate their businesses and add significant value to their clients’ portfolios.
Please visit www.sprott.com to learn more about our award-winning investment team and their market insights.
Contact information:
Drew Williams Sr. Vice President, Marketing 416-943-4994 dwilliams@sprott.com
Media Inquiries:
Goldman Communications Inc. Corey Goldman 416-322-2863 corey@goldman-communications.com www.goldman-communications.com
(0)
(0)