TORONTO, Feb. 18, 2014 /CNW/ - Arrow Capital Management Inc. ("Arrow") today announced that its wholly owned subsidiary, BluMont Capital Corporation ("BluMont"), has come to an agreement to sell the management agreements, pending unit holder and regulatory approval, for the following funds: the Exemplar Global Infrastructure Fund, the Exemplar Timber Fund and the Exemplar Global Agriculture Fund (the "Funds"), all sub-advised by Capital Innovations LLC, to Sprott Asset Management LP. The Funds will continue to be sub-advised by Capital Innovations LLC during and after the transition period.
About Arrow Capital Management Inc.
Arrow (www.arrow-capital.com) is an employee-owned company, founded in 1999. Arrow's expertise in active portfolio management and manager selection is evident in its strong, diverse platform, which provides clients with access to a global selection of actively managed investment funds. Arrow is committed to continuously providing investors with access to a wide range of investment solutions. With over 15 years of service, Arrow has been well respected as a Canadian alternative investment company. In December of 2013, Arrow acquired BluMont Capital Corporation adding the Exemplar range of prospectus-based solutions to its platform, expanding its range of products and catering to a wider client base.
About Sprott Asset Management
Sprott Asset Management LP (www.sprott.com), a wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a fund company dedicated to achieving superior returns for its investors over time. Sprott Asset Management LP manages assets primarily for institutions, endowments and high net worth individuals and is the investment manager of the Sprott Mutual Funds. 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 the Sprott Mutual Funds may be sold in their jurisdiction.
SOURCE: Arrow Capital Management Inc.
For further information: Jim McGovern, CEO, Managing Director, Arrow Capital Management Inc., 416-323-0477, [email protected]; Mark Purdy, CIO, Managing Director, Arrow Capital Management Inc., 416-323-0477, [email protected]