TORONTO, Aug. 01, 2017 (GLOBE NEWSWIRE) -- SPR & Co LP, the new operating company created to assume portfolio management of the Canadian diversified assets of Sprott Asset Management LP (“SAM”), announced today that it has successfully closed the purchase of the related management contracts from SAM.
The agreement, announced in April, allows SPR & Co LP to build on the success of the acquired business, which offers innovative investment solutions to Canadian advisors and their clients. As well, SPR & Co LP will continue to offer leading resource and precious metals strategies through an exclusive sub-advisory relationship with SAM.
In the coming months, the company intends to launch a new brand for SPR & Co LP.
“This represents the next step in our efforts to focus on what we do best: offering innovative investment products and solutions for investors and their advisors, in an environment where advisors need to differentiate their businesses,” says SPR & Co LP Senior Portfolio Manager and Managing Partner John Wilson.
“We’re excited to move forward as a team with the goal of offering the most comprehensive suite of alternative investment products in Canada,” says SPR & Co LP Managing Partner James Fox. “In an environment where traditional asset classes have posed new challenges for investors, we’ve got a long history of building investment solutions that address those challenges.”
Highlights of SPR & Co LP:
- Approximately $3 billion in assets under management (see attached list of included funds);
- Differentiated and unique investment solutions that address today’s investment needs;
- A suite of investment offerings that include alternative income products, liquid alternative funds, core equity products, and fixed income products; and
- Continued, exclusive sub-advisor relationships focused on gold, precious metals, flow-through and resources, in addition to other complementary alternative strategies.
About SPR & Co LP
SPR & Co LP is an expert active manager of specialty investment solutions, committed to helping investors explore innovative ways to manage portfolio risk, and advisors to differentiate their businesses with unique investment solutions.
Based in Toronto, SPR & Co LP is an operating company that has been created to assume portfolio management of the Canadian diversified assets of Sprott Asset Management LP, including actively managed hedge and mutual funds. The new firm oversees approximately $3 billion in assets under management.
Please visit www.sprlp.com to learn more.
Forward-Looking Statements:
Certain statements contained in this press release contains “forward-looking information” within the meaning of applicable securities laws. Such statements relate to future events or the company’s future performance, and may be identified by the use of words such as “plans”, “expects”, “proposes”, “budget”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “may”, “could”, “would”, “might” or “will”, or variations (including negative variations) of such words and similar expressions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. No assurance can be given that the forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Forward-looking statements contained herein are made as of the date of this press release and the company disclaims any obligation to update any forward-looking statements to reflect new information, future events or results or otherwise, except as required by applicable laws.
Included Funds
Sprott Energy Fund Sprott Energy Opportunities Trust Sprott Global Infrastructure Fund Sprott Global Real Estate Fund Sprott Real Asset Class Sprott Enhanced Equity Class Sprott Enhanced U.S. Equity Class Sprott Enhanced Balanced Fund Sprott Enhanced Balanced Class Sprott Enhanced Long Short Equity Fund L.P. Sprott Enhanced Long Short Equity RSP Fund Sprott Canadian Equity Fund Sprott Focused Global Balanced Class Sprott Focused Global Dividend Class Sprott Focused U.S. Dividend Class Sprott Focused U.S. Balanced Class Sprott Diversified Bond Fund Sprott Diversified Bond Class Sprott Credit Income Opportunities Fund Sprott Alternative Income Fund Sprott Small Cap Equity Fund Sprott Private Credit Trust Sprott Private Credit Trust II Sprott Bridging Income Fund LP Sprott Bridging Income RSP Fund Sprott Canadian Senior Debt Fund Sprott Short‐Term Bond Fund Sprott Short‐Term Bond Class
Sprott Gold Bullion Fund* Sprott Silver Bullion Fund* Sprott Hedge Fund LP* Sprott Hedge Fund LP II* Sprott Bull/Bear RSP Fund* Sprott Gold and Precious Minerals Fund* Sprott Silver Equities Class* Sprott 2017 Flow‑Through Limited Partnership* Sprott 2016‐II Flow Through Limited Partnership* Sprott Resource Class*
*Funds subject to Sub-advisor Agreement
Contact information: Drew Williams SVP Marketing 416-943-4994 dwilliams@sprlp.com Media Inquiries: Goldman Communications Inc. Corey Goldman 416-322-2863 corey@goldman-communications.com www.goldman-communications.com
