Friday, 27 February 2015
Last updated 2 hours 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…