About Sprott
Sprott Asset Management LP (Sprott AM) is the successor to Sprott Asset Management Inc. which was founded in 2000, after the permanent separation from Sprott Securities that established in 1981. After establishing Sprott Asset Management Inc. in December 2001 as a separate entity, Eric divested his entire ownership of Sprott Securities to its employees. Sprott AM is a fund company dedicated to achieving superior returns for its investors over the long term. In June 2009, Sprott AM reorganized to better define and streamline the key segments of our business. Sprott Asset Management LP currently manages a number of long/short equity strategies and mutual funds. Sprott Private Wealth LP (Sprott PW) provides advisory services to high net worth individuals. Sprott Inc. is the parent company of Sprott AM and Sprott PW.
Management
History
In 1981, Eric Sprott, CA, founded Sprott Securities Ltd. (now
Cormark Securities Inc.), an institutional brokerage firm focused
on small-to-mid capitalization companies, servicing Canadian
corporate and institutional investors.
In the year 2000, Eric Sprott made the decision to focus solely on
the investment management business. Accordingly, the "investment
management division" of Sprott Securities Inc. (now Cormark
Securities Inc.), was spun-off to form a separate entity now known
as Sprott Asset Management LP. Consequently, SAM was founded with
an already established successful historical track record of
managing assets through Sprott Managed Accounts since 1981 and the
Sprott Canadian Equity Fund since 1997. Sprott Securities Inc. was
sold to its employees in 2002, leaving Eric Sprott and the
directors and officers of SAM with no remaining interest in the
firm.
On May 15, 2008, Sprott Inc. successfully completed its initial
public offering by way of a secondary offering of common shares.
Pursuant to the offering, certain shareholders of Sprott Inc. sold
20,000,000 common shares at an offering price of $10.00 per share
for aggregate proceeds of $200 million. Sprott Inc.'s common shares
are listed on the Toronto Stock Exchange under the symbol
"SII".
Thank you to Eric Sprott, John Embry and the rest of your team for your correct calls during what has been a very difficult few years for investors. I've been a Sprott investor on and off for over ten years now from the Sprott Canadian Equity Fund to the Gold & Precious Minerals Fund. I would like to thank Mr. Sprott for his correct calls regarding the dot-com meltdown, and his bullish calls on gold, uranium and now silver.
My family has benefited immensely these past years and I've been able to not only pay off all my personal debts but fund my two adult children through school and set up their own portfolio's.
Private Investor - March 21, 2011.