TORONTO, July 16, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") is
pleased to announce the launch of the Sprott Flatiron Yield Trust,
Sprott's newest specialty income product.
The Trust will focus primarily on Canadian convertible arbitrage and is
designed to generate positive monthly performance with a low
correlation to both traditional equities and fixed-income investments.
The Trust will be co-managed by Steve Duenkler and Parm Kalirai,
co-founders of Flatiron Capital Management, which will act as
sub-advisor to the Trust.
"Steve and Parm are one of the leading convertible arbitrage teams in
the country. They have established an impressive long-term track
record, with their strategy delivering positive monthly returns 85% of
the time," said Peter Grosskopf, CEO of Sprott Inc. "We are pleased to
be able to offer our clients an innovative new product that is ideally
suited to today's volatile market conditions."
Mr. Duenkler and Mr. Kalirai have been successfully managing convertible
arbitrage strategies for more than 12 years.
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:
For further information on Sprott Asset Management LP and the Funds, please visit http://www.sprott.com/jw or call us at 866 299-9906 or email us at firstname.lastname@example.org