John Wilson Named Lead Manager of Sprott Opportunities Funds
February 27 2012 - 7:00AM
PR Newswire (Canada)
TORONTO, Feb. 27, 2012 /CNW/ - Sprott Asset Management LP
("Sprott") today announced that, effective immediately, John Wilson
has assumed lead portfolio management responsibilities for Sprott
Opportunities Hedge LP and Sprott Opportunities RSP Fund ("the
Funds"). "John is an experienced manager of long-short strategies
with a unique track record of delivering strong risk-adjusted
returns to investors," said Peter Grosskopf, CEO of Sprott Inc. "We
welcome his addition to the Sprott Opportunities team." Mr. Wilson
recently joined Sprott in the position of Senior Portfolio Manager.
He will continue to manage the Funds as opportunistic, "go
anywhere" long-short strategies. Mr. Wilson's goal will be to
deliver strong risk-adjusted returns by investing in undervalued
stocks, shorting overvalued stocks with near term catalysts for
revaluation, and opportunistically using options-based strategies
to enhance income generation and to manage downside risk for
investors. Mr. Wilson will also leverage the expertise of Sprott's
industry-leading investment team and highly-regarded research
professionals. John Wilson joined Sprott in January 2012 and has
over 25 years of investment and business experience. Most recently,
Mr. Wilson was Chief Investment Officer of Cumberland Private
Wealth Management. Previously, he was the founder of DDX Capital
Partners, an alternative investment manager. Prior to that, Mr.
Wilson was Managing Director and a top-rated technology analyst at
RBC Capital Markets; and previously, a Director at UBS Canada. He
is an MBA graduate of The Wharton School, University of
Pennsylvania. About Sprott Asset Management LP Sprott Asset
Management LP, a wholly owned subsidiary of Sprott Inc., is an
investment manager dedicated to achieving outstanding returns for
its investors over the long-term. With a history dating back to
1981, Sprott has a team of leading investment professionals that
think independently and have the courage to act on their
convictions. Our clients include individual and high-net-worth
investors, institutions and endowments. Please visit us at
www.sprott.com to learn more about our award-winning investment
professionals and their market insights. Commissions, trailing
commissions, management fees and expenses all may be associated
with mutual fund investments. Please read the prospectus before
investing. Mutual Funds are not guaranteed, their values change
frequently and past performance may not be repeated. The
information contained herein does not constitute an offer or
solicitation by anyone in the United States or in any other
jurisdiction in which such an offer or solicitation is not
authorized or to any person to whom it is unlawful to make such an
offer or solicitation. Prospective investors should consult their
financial advisor to determine if these Funds may be sold in their
jurisdiction. Sprott Asset Management LP CONTACT: Telephone: (416)
203-2310Email: ir@sprott.com
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