TORONTO, Feb. 27, 2012 /CNW/ - Sprott Asset Management LP ("Sprott")
today announced that, effective immediately, John Wilson has assumed
lead portfolio management responsibilities for Sprott Opportunities
Hedge LP and Sprott Opportunities RSP Fund ("the Funds").
"John is an experienced manager of long-short strategies with a unique
track record of delivering strong risk-adjusted returns to investors,"
said Peter Grosskopf, CEO of Sprott Inc. "We welcome his addition to
the Sprott Opportunities team."
Mr. Wilson recently joined Sprott in the position of Senior Portfolio
Manager. He will continue to manage the Funds as opportunistic, "go
anywhere" long-short strategies. Mr. Wilson's goal will be to deliver
strong risk-adjusted returns by investing in undervalued stocks,
shorting overvalued stocks with near term catalysts for revaluation,
and opportunistically using options-based strategies to enhance income
generation and to manage downside risk for investors. Mr. Wilson will
also leverage the expertise of Sprott's industry-leading investment
team and highly-regarded research professionals.
John Wilson joined Sprott in January 2012 and has over 25 years of
investment and business experience. Most recently, Mr. Wilson was Chief
Investment Officer of Cumberland Private Wealth Management. Previously,
he was the founder of DDX Capital Partners, an alternative investment
manager. Prior to that, Mr. Wilson was Managing Director and a
top-rated technology analyst at RBC Capital Markets; and previously, a
Director at UBS Canada. He is an MBA graduate of The Wharton School,
University of Pennsylvania.
About Sprott Asset Management LP
Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is
an investment manager dedicated to achieving outstanding returns for
its investors over the long-term. With a history dating back to 1981,
Sprott has a team of leading investment professionals that think
independently and have the courage to act on their convictions. Our
clients include individual and high-net-worth investors, institutions
and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and
their market insights.
Commissions, trailing commissions, management fees and expenses all may
be associated with mutual fund investments. Please read the prospectus
before investing. Mutual Funds are not guaranteed, their values change
frequently and past performance may not be repeated. The information
contained herein does not constitute an offer or solicitation by anyone
in the United States or in any other jurisdiction in which such an
offer or solicitation is not authorized or to any person to whom it is
unlawful to make such an offer or solicitation. Prospective investors
should consult their financial advisor to determine if these Funds may
be sold in their jurisdiction.
SOURCE Sprott Asset Management LP
For further information:
Telephone: (416) 203-2310