Business
Sprott Asset Management LP Provides Investors with Outstanding Performance in 2010
Jan. 13, 2011 (Canada NewsWire Group) -- TORONTO, Jan. 13 /CNW/ - Sprott Asset Management LP ...
About this update from Sprott Inc.
[{"type":"text","content":"\n\n\n\n Jan. 13, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Jan. 13 /CNW/ - Sprott Asset Management LP ("Sprott") is\n pleased to announce outstanding performance results for its investors\n in 2010. Despite a volatile and challenging investment environment,\n nearly all of Sprott's equity and hedge funds outperformed their\n respective benchmark indexes in 2010, many by a significant margin. \n For the year, more than 98% of Sprott's equity and hedge fund Assets\n Under Management outperformed their benchmarks.\n\n\nOf the Sprott funds, eleven generated returns greater than 30% during\n the year, four of which earned returns in excess of 50%. The Sprott\n Gold & Precious Minerals Fund was the top performer in 2010 with a\n return of 74.73%, while the Sprott Canadian Equity Fund delivered a\n return of 57.55%, and the Sprott Small Cap Equity Fund and Sprott Small\n Cap Hedge Fund returned 50.32% and 50.27%, respectively.\n\n\nSprott's longer-term track records are even more impressive. The 10-year\n cumulative return to December 31, 2010 for the Sprott Canadian Equity\n Fund was 678%, compared to 89% for the S&P/TSX Composite Total Return\n Index. Over the same time period, the Sprott Hedge Fund LP generated a\n cumulative return of 713%, compared to -37% for the S&P 500 Total\n Return Index in Canadian dollars. \n\n\n"We are extremely pleased with the performance delivered by Sprott Asset\n Management's investment managers in 2010. We ha...