TORONTO, Sept. 27, 2013 /CNW/ - Sprott Asset Management LP ("Sprott") today announced the newest addition to its Enhanced Funds product line with the launch of the Sprott Enhanced Balanced Class ("the Fund"). Sprott Senior Portfolio Manager and Co-Chief Investment Officer, John Wilson will be the lead manager on the Fund. The Fund's fixed-income allocation will be managed by Senior Portfolio Manager and Co-Chief Investment Officer, Scott Colbourne and Portfolio Manager, Michael Craig.
"Since joining Sprott in 2012, John Wilson has delivered attractive returns for investors while protecting their investments against downside risk. His approach has resonated with our clients and he is now managing more than $300 million across the Sprott Enhanced Funds," said James Fox, President of Sprott Asset Management. "The Sprott Enhanced Balanced Class is the latest addition to this product line and will offer investors another tax efficient way to access our Enhanced Fund offerings."
In addition, Sprott introduced new T-Series and FT-series options for the Sprott Enhanced Equity Class for investors seeking to generate a tax-efficient cash flow stream from their investments.
Sprott also announced today that the Sprott Opportunities Hedge Fund LP has been renamed the Sprott Enhanced Long-Short Equity Fund LP and the Sprott Opportunities RSP Fund has been renamed the Sprott Enhanced Long-Short Equity RSP Fund. These name changes better reflects the current investment strategy of the Funds and aligns their names with Sprott's other Enhanced Funds.
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.
SOURCE: Sprott Asset Management LP
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