Sprott 2012 Flow-Through Limited Partnership
Investment Team
Allan Jacobs
Senior Portfolio Manager, Director of Small Cap InvestmentsAllan Jacobs
Senior Portfolio Manager, Director of Small Cap Investments
Allan Jacobs joined SAM in August 2007 as a Director of Small Cap Investments with focus on the Sprott Small Cap Funds. Prior to joining SAM , Allan was head of Canadian Small Cap equities at Sceptre Investment Counsel, a field he has specialized in for the past 20 years. He was also the Portfolio Manager of the Sceptre Equity Growth Fund, as well as Portfolio Manager of the Sceptre Canadian Equity Small Cap Pooled Fund and the Canadian small cap component of all other institutional portfolios. He managed the Sceptre Small Cap Opportunities Fund (a hedge fund), which was launched on January 31, 2007 (now called the Sprott Small Cap Hedge Fund). He was an integral part of the Canadian Equity team at Sceptre since 1993 and was appointed a Managing Director of Sceptre in 1996.
Allan was acknowledged for his achievements at Sceptre on several occasions. The Sceptre Equity Growth Fund was awarded the Best Canadian Small Cap Fund over one-, three-, five- and ten-year periods at the 2007 Canadian Lipper Fund Awards. The Sceptre Equity Growth Fund was also a finalist for the 2006 Small Capitalization Equity Fund of the Year and was chosen Canadian Equity Fund of the Year in 2005. Furthermore, Allan was chosen the 2006 Fund Manager of the Year at the Canadian Investment Awards. The Small Capitalization Canadian Equity Pooled Fund, also managed by Allan, was awarded Canadian Small Cap Pooled Fund of the Year.
The experience he brought to Sceptre in 1993 included his management of the largest equity fund in South Africa (a $5 billion fund for Old Mutual) and his four years at Canada Life Investment Management Limited as the portfolio manager of Small Cap Canadian equities.
Jamie Horvat
Senior Portfolio ManagerJamie Horvat
Senior Portfolio Manager
Jamie Horvat joined SAM in January 2008. Jamie is co-manager of the Sprott All Cap Fund, the Sprott Gold and Precious Minerals Fund, Sprott Opportunities Hedge Fund LP, and the Sprott Opportunities RSP Fund. Prior to joining SAM, Jamie was co-manager of the Canadian Small Cap, Global Resources, Canadian Resources and Precious Metals funds at AGF Management Limited. He was also the Associate Portfolio Manager of the AGF Canadian Growth Equity Fund, as well as an instrumental contributor to a number of structured products and institutional mandates while at AGF. He joined AGF in 2004 as a Canadian Equity Analyst with a special focus on Canadian and Global resources, as well as Canadian small cap companies. Prior to joining AGF he spent 5 years at another large Canadian mutual fund company as an Investment Analyst.
Jamie was acknowledged for his achievements while at AGF, as a finalist in the Canadian Small/Mid Cap Equity Fund category and as the winner of the Precious Metals Equity Fund category for the second consecutive year along with co-manager Charles Oliver at the 2007 Canadian Investment Awards. Furthermore, the AGF Canadian Resources Fund was awarded the best 10-year return in the Natural Resources category, while the AGF Precious Metals Fund was awarded the best 5-year return in the Precious Metals category at the 2007 Canadian Lipper Fund Awards.
Jamie holds a diploma in Mechanical Engineering Technology (honours) from Mohawk College, and an Honours B.Comm from McMaster University. He is a member of the International Research Association and is a Licensed International Financial Analyst. He is also a member of the Ontario Association of Certified Engineering Technicians & Technologists.
Eric Nuttall
Portfolio ManagerEric Nuttall
Portfolio Manager
Eric Nuttall is a Portfolio Manager with Sprott Asset Management LP. He joined the firm in February 2003 as a research associate and was subsequently promoted to the position of research analyst in 2005, associate portfolio manager in 2008, and then to portfolio manager in January 2010.
Eric is lead portfolio manager of the Sprott Energy Fund, and also co-manages the Sprott 2010 Flow-Through Limited Partnership and the Sprott 2011 Flow-Through Limited Partnership with Allan Jacobs.
In addition to his responsibilities for those two funds, Eric supports the rest of the Sprott portfolio management team with identifying top performing oil and gas investment opportunities. Further, Eric contributes towards internal macro energy forecasts, and his insight into emerging unconventional plays has been covered in several financial publications such as The Wall Street Journal Asia and Barron's.
Eric graduated with high honors from Carleton University with an Honors Bachelor of International Business.
Fund Details
| Eligible for Registered Plans | No |
The Partnership's investment strategy will be to invest in flow-through shares and other securities, if any, of lower risk Resource Issuers whose principal business will be: (i) mining exploration, development, and/or production, and (ii) oil and gas exploration, development, and/or production and certain energy production that may incur CRCE.
Press Releases
February 15, 2012
Sprott 2012 Flow-Through Limited Partnership Raises $23,104,525 on First Closing
January 9, 2012
Sprott Asset Management LP Announces Sprott 2012 Flow-Through Limited Partnership
The Sprott Flow-Through Advantage
Sprott believes that it has several competitive advantages in terms of its ability to generate attractive returns investing in flow-through shares:
Significant Tax Benefits
What are Flow-Through shares?
The Income Tax Act (Canada) contains provisions that allow investors to access expenses incurred by a company, in an effort to assist in financing of resource exploration projects in Canada. Resource Issuers1 can renounce certain exploration expenses2 to investors, who are then able to deduct these expenses against their own income.
What is a Flow-Through Limited Partnership?
Investors can buy flow-through shares directly from Resource Issuers, but in many cases such companies represent high-risk investments. A flow-through limited partnership is an investment vehicle that offers professional management and, most importantly, diversification. The use of a limited partnership permits income tax deductions to be allocated to, and utilized by, limited partners while at the same time providing for limited liability, subject to certain qualifications.
Tax Planning for Individuals
The following table set forth certain financial aspects, based on the estimates and assumptions in the notes to the tables below, for a Limited Partner who is an individual (other than a trust), who has invested $1,000, assuming the investor is an Ontario resident in top marginal tax rate of 46.41%, BC resident in top marginal tax rate of 43.70% and Alberta resident in top marginal tax rate of 39.00% (for further details, please refer to illustrative tables in the Prospectus Summary).