Sunday, 31 August 2014
Last updated 1 day ago
Jun 6 2012 | 10:13am ET
Sprott Inc. has agreed to acquire convertible arbitrage hedge fund Flatiron Capital Management Partners.
The two Canadian firms have signed a letter of intent. Sprott will buy Flatiron for cash and stock, but a total price was not disclosed.
"The really compelling opportunity is to develop a defensive product in convertible arbitrage that fits with our view of the world," Sprott CEO Peter Grosskopf said. Sprott founder Eric Sprott has loudly proclaimed that he and the firm believe the global financial picture will darken further before it brightens.
As for Flatiron, which has C$275 million in assets under management, a tie-up with Sprott will give its strategies access to the larger firm's client base and network of retail salesmen. Sprott hopes to have a Flatiron strategy available to its investors within just weeks.
Steve Duenkler and Parm Kalirai founded Flatiron in 2000. The duo have managed a 9.54% annualized return since then.
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 ...