Sprott to launch Global Market Neutral Fund |
Date: Wednesday, December 12, 2007
Author: Investment Executive
Manager to use proprietary quantitative model to identify investment opportunities
Sprott Asset Management today announced the upcoming launch of Sprott Global Market Neutral Fund on Feb. 1, 2008.
Sprott says the new fund will provide greater options for Canadian investors looking to increase their exposure to global markets, in a neutral approach.
The fund will be an open-ended unincorporated mutual fund trust offered by offering kemorandum. It is expected to be eligible for registered tax plans and will be managed by the Sprott investment team.
Sprott says 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 fund, orders must be placed and Sprott Asset Management must receive subscription forms no later than 16:00 ET on Jan. 31, 2008.
Sprott says the new fund will provide greater options for Canadian investors looking to increase their exposure to global markets, in a neutral approach.
The fund will be an open-ended unincorporated mutual fund trust offered by offering kemorandum. It is expected to be eligible for registered tax plans and will be managed by the Sprott investment team.
Sprott says 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 fund, orders must be placed and Sprott Asset Management must receive subscription forms no later than 16:00 ET on Jan. 31, 2008.