Tuesday, 23 September 2014
Last updated 11 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.
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.