TORONTO, April 3, 2012 /CNW/ - Sprott Asset Management LP ("Sprott") is pleased to announce the launch of two new funds, Sprott Enhanced Equity Class and Sprott Enhanced Balanced Fund ("the Funds").
John Wilson will serve as lead manager on both funds and Scott Colbourne and Michael Craig will co-manage the Sprott Enhanced Balanced Fund. The Funds seek to generate strong risk-adjusted returns through a versatile, absolute return investment approach that actively adjusts risk through options strategies and tactical shifts in asset allocation.
"John's equity selection skills and strong focus on risk management are well-suited to today's investment environment," says Peter Grosskopf, CEO of Sprott Inc. "The launch of these funds is an important milestone for Sprott, as we continue to focus on diversifying our product offerings to provide investors with a broader range of investment options."
Mr. Wilson has over 25 years of investment and business experience. Most recently, he was Chief Investment Officer of a leading private client firm where he managed money exclusively for high-net worth individuals. Previously, he was the founder of DDX Capital Partners, an alternative investment manager that produced impressive results through the use of extensive risk management systems. Mr. Wilson is an MBA graduate of The Wharton School, University of Pennsylvania.
For initial investors in both Funds, Sprott will provide the added incentive of lower management fees for as long as they remain invested in the applicable series.
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.
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