Monday, 30 November 2015
Last updated 2 days 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…