TORONTO, ONTARIO, Jul. 20, 2010 (Marketwire) -- Sprott Inc. (TSX:SII) today announces that its subsidiary, Sprott Asset Management LP ("Sprott Asset Management") is proud to launch a suite of fixed income products. "In keeping with our Firm's philosophy of hiring top investment talent and sponsoring products with sustainable competitive advantages, we are delighted to offer investors three distinct fixed income funds that will be spearheaded by industry veterans' Scott Colbourne and Michael Craig" said James Fox, President of Sprott Asset Management.
"Throughout Scott's career he has consistently demonstrated investment excellence. The combination of his investment acumen along with Sprott's distinct investment culture represents an ideal platform for delivering superior returns" added Peter Loach, Sprott Asset Management's Executive Vice President of Product Development.
Scott Colbourne, a multiple award-winning bond manager, joined Sprott Asset Management in the spring of 2010 as Senior Portfolio Manager and will be the Lead Manager of the Sprott Diversified Yield Fund and the Sprott Short-Term Bond Fund which are set to launch on August 5th. Scott will also lead the investment decisions in managing the Sprott Absolute Return Income Fund, a long/short fixed income fund, which will launch on August 31st.
Colbourne's extensive 22 years of experience in managing fixed income and foreign currency portfolios has included tenures as Senior Portfolio Manager at TD Asset Management, Head of Fixed Income at AGF Investments Inc. and Senior Trader at the Bank of Canada. Colbourne's distinguished career has been highlighted by numerous investment awards including four consecutive years as Best Foreign Bond Fund manager from 2002-2005.
Michael Craig, a quantitative and asset allocation expert whose 11-year career included tenures at TD Asset Management and PH&N, accompanies Colbourne as Portfolio Manager on all three Funds.
For information on Sprott Funds or to participate in any of the above mentioned Fund launches, please visit www.sprott.com or call 1-866-299-9906 to speak with a Sprott representative.
About Sprott Inc.
Sprott Inc. is a leading independent asset manager dedicated to achieving superior returns for its clients over the long term. The company currently operates through three business units: Sprott Asset Management LP, Sprott Private Wealth LP and Sprott Consulting LP. Sprott Asset Management is the investment manager of the Sprott family of mutual funds and hedge funds and discretionary managed accounts; Sprott Private Wealth provides wealth management services to high net worth individuals; and Sprott Consulting provides management, administrative and consulting services to other companies, including SRC (TSX:SCP). Sprott Inc. is headquartered in Toronto, Canada, and is listed on the Toronto Stock Exchange under the symbol "SII". For more information on Sprott Inc., please visit www.sprottinc.com.