Saturday, 23 August 2014
Last updated 23 hours 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 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note