Friday, 22 August 2014
Last updated 5 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 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