Wednesday, 27 August 2014
Last updated 57 min ago
May 31 2007 | 10:34am ET
The lines between the traditional and alternative investment universes are getting even blurrier thanks to Sprott Asset Management. The Toronto firm, which manages both hedge funds and mutual funds, recently launched the Sprott Global Equity Fund, an open-ended mutual fund trust employing shorts.
The fund uses a proprietary quantitative model to invest in global mid- and large-cap companies with a minimum market cap of approximately US$1 billion. It will also short sell up to of 20% of its portfolio.
The mutual fund, which has a minimum initial investment requirement of C$5,000 (US$4,700), will be managed by its investment team.
The firm has also hired Sylvain Ratelle as an investment strategist to assist with the new offering. Ratelle has managed equity portfolios in mutual funds, pension money and private client assets for divisions of various global asset management groups including Franklin Templeton Investments, State Street Global Advisors and BMO/Harris.
Sprott manages over C$5 billion (US$4.7 billion) in assets for institutions, endowments and high net-worth individuals.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...