Toronto-based Sprott Asset Management LP Friday announced the newest addition to its Enhanced Funds product line with the launch of Sprott Enhanced Balanced Class.
John Wilson, Sprott senior portfolio manager and co-chief investment officer, will be the lead manager on the fund, while the fund’s fixed-income allocation will be managed by senior portfolio manager and co-chief investment officer Scott Colbourne, and portfolio manager Michael Craig.
“Since joining Sprott in 2012, John Wilson has delivered attractive returns for investors while protecting their investments against downside risk. His approach has resonated with our clients and he is now managing more than $300 million across the Sprott Enhanced Funds,” said James Fox, president of Sprott Asset Management, in a release.
“The Sprott Enhanced Balanced Class is the latest addition to this product line and will offer investors another tax efficient way to access our Enhanced Fund offerings.”
In addition, Sprott introduced new T-series and FT-series options for Sprott Enhanced Equity Class for investors seeking to generate a tax-efficient cash flow stream from their investments.
Sprott also announced Friday that Sprott Opportunities Hedge Fund LP has been renamed the Sprott Enhanced Long-Short Equity Fund LP, and Sprott Opportunities RSP Fund has been renamed Sprott Enhanced Long-Short Equity RSP Fund. The name changes better reflect the current investment strategy of the funds and aligns their names with Sprott’s other Enhanced Funds, Sprott said.
Sprott Asset Management LP is a wholly owned subsidiary of Sprott Inc. (TSX:SII).