Saturday, 30 May 2015
Last updated 1 day ago
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.
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…