Friday, 29 May 2015
Last updated 19 hours ago
Mar 3 2008 | 12:00am ET
Toronto-based Sprott Asset Management last month launched a new hedge fund aimed at Canadian investors. Sprott’s Global Market Neutral Fund, a long/short equity vehicle designed as an open-ended mutual fund trust, launched with C$15 million (US$15.2 million).
Global Market Neutral employs a global quantitative strategy, investing in companies with market capitalizations of at least US$1 billion, according to fund documents. Its portfolio will be diversified by both sector and geography.
The fund charges a 2% management fee and a 20% incentive fee, with a minimum investment requirement of C$25,000 (US$25,300) for accredited investors and C$150,000 (US$151,900) for non-accredited investors. Its prime broker is Scotia Capital.
Founded in August 2000, Sprott Asset Management manages over C$6 billion (US$6.1 billion) in assets among its various long/short equity strategies, mutual funds and managed accounts.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…