Whitney George, Chief Investment Officer, Sprott Asset Management, discusses the depth of resources at Sprott, a leader in precious metals investing.
Whitney George: Sprott Asset Management specializes in hard assets and uses alternative products for our clients. Founded or came public in 2008, Eric Sprott was the founder and he had a tremendous track record over 20 years.
We currently manage trusts where people can participate in the ownership of physical metals with the ability to take possession of those metals. We have a very extensive lending business, private lending business, which has an extensive 10-year track record. Lending money to mining companies on a collateralized basis.
2020: Sprott Acquires Tocqueville Gold Strategies
Whitney George: We signed a deal earlier this year in the summer to acquire the assets and management team of the Tocqueville Gold Fund and related institutional accounts in the gold sector. We belief this is a great opportunity for Sprott because it expands our capabilities not only in terms of experienced asset management and mutual fund business, but geographically here in the United States. John Hathaway and his partner Doug Groh are well-respected, very experienced, very patient investors in the mining sector.
Sprott Gold Team
World Class Precious Metals Expertise
Whitney George: We are building, I think the best team in the world in terms of not only the numbers of people and professionals but the years of experience that they have. This really puts us on the stage. John and Doug manage money in Europe in addition to their mutual fund and I'm very excited about what it's going to do. It adds a very strong third leg on the Sprott story to go along with our passives and our lending franchise.
By adding John Hathaway and Doug Groh to the team with a vast amount of experience and brand recognition, we can support them in a way that they've never been supported, given all of the resources at Sprott. It's not just our team in Toronto, it's the due diligence we do on the lending business.
Sprott and Hathaway
Combined Strength of Two Industry Leaders
Whitney George: It's the geologists that we have for exploration partnerships, the whole host of coverage across all market caps and all parts of the capital structure. We bring tremendous resources to John and Doug, and they bring Sprott a level of experience investing in this space that we could never have achieved on our own.
To learn more about Sprott Gold Equity Fund, please telephone a Sprott representative at 888.622.1813 or email email@example.com.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus which should be considered carefully before investing. Click here to obtain the prospectus or call 888.622.1813.
Past performance is not a guarantee of future results. All data is in U.S. dollars unless otherwise noted. Sprott Gold Equity Fund invests in gold and other precious metals, which involves additional and special risks, such as the possibility for substantial price fluctuations over a short period of time; the market for gold/precious metals is relatively limited; the sources of gold/precious metals are concentrated in countries that have the potential for instability; and the market for gold/precious metals is unregulated. The Fund may also invest in foreign securities, which are subject to special risks including: differences in accounting methods; the value of foreign currencies may decline relative to the U.S. dollar; a foreign government may expropriate the Fund’s assets; and political, social or economic instability in a foreign country in which the Fund invests may cause the value of the Fund’s investments to decline. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED
Sprott Asset Management LP is the investment adviser to the Fund. 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. Sprott Global Resource Investments Ltd. is the Fund’s distributor.
© 2020 Sprott Inc. All rights reserved.
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