Canada’s Sprott Files For IPO

Apr 11 2008 | 11:13am ET

Toronto-based hedge fund and mutual fund manager Sprott Inc. has filed a preliminary prospectus with the securities regulators in Canada for an initial public offering of Sprott Asset Management.

The firm is reportedly looking to raise some C$200 million (US$196.4 million) from investors for Sprott AM, which manages approximately $6.9 billion (US$6.8 billion) in assets under management seven hedge funds and six long-only mutual funds.

Sprott’s flagship hedge fund is the Sprott Hedge Fund, which launched in 2000 and currently manages some C$640 million (US$628.6 million) in assets and is closed to new investors.

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