Sprott Asset Management Inc.

Sprott Asset Management Inc.

December 11, 2007 10:38 ET

Sprott Asset Management (SAM) Announces the Launch of the Sprott Global Market Neutral Fund

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2007) - Sprott Asset Management (SAM), Investment Manager to Sprott Funds is pleased to announce the upcoming launch of the SPROTT GLOBAL MARKET NEUTRAL FUND (Fund) on February 1, 2008.

The new Fund will provide greater options for Canadian investors looking to increase their exposure to global markets, in a neutral approach. SAM recognizes the need for depth of choice across various asset classes and global markets for advisors and their clients.

The Fund will be an open-ended unincorporated mutual fund trust offered by Offering Memorandum. It is expected to be eligible for registered tax plans and will be managed by the SAM Investment Team.

The primary objective of the Fund will be to provide long term capital appreciation by investing in long and short positions in equity and equity-related securities of companies, in a neutral approach. To achieve the Fund's investment objective, the Manager will use a proprietary quantitative model to identify investment opportunities with the potential for capital appreciation over the long term. This is accomplished by seeking out medium to large capitalization companies with a relative change in fundamental factors anywhere in the world. The portfolio will be broadly diversified by sector and contain exposure to various geographical regions around the globe. The ranking process of the proprietary quantitative model will provide a selection of top-ranked companies to buy for the long portfolio and bottom-ranked companies to sell for the short portfolio.

To participate in the launch of the Sprott Global Market Neutral Fund, orders must be placed and Sprott Asset Management must receive subscription forms no later than 4pm on January 31st, 2008. Please consult the Offering Memorandum before investing.

For more information regarding the Fund, please visit www.sprott.com.

Sprott Asset Management Inc. (www.sprott.com) is a Toronto-based private company with $6 billion in assets under management primarily for institutions, endowments and high net worth individuals. Sprott Asset Management Inc. is the investment manager of the Sprott Funds. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus/offering memorandum before investing. Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated.

Contact Information

  • Sprott Asset Management Inc.
    Client Services
    (416) 943-6707 or 1-866-299-9906
    (416) 943-6497 (FAX)
    Website: www.sprott.com