Sprott Asset Management (SAM) is to sell its Canadian diversified fund business to a management-led group, with John Wilson, CEO and co-CIO of SAM, and James Fox, president of SAM, to be co-managing partners of the new firm.
The agreement is expected to be finalised in the coming months, pending regulatory approvals.
“This agreement marks a new and exciting era for our clients and our employees – one where the new company’s management team is fully aligned behind one idea: continue our growth as an exceptional fund management business that uses innovative thinking to help advisors succeed,” says Wilson (pictured).
“Our Canadian diversified asset management business has been showing significant growth over the last five years,” says Fox. “We’ve had great success with our alternative income products, flow-through offerings, energy offerings, and our core equity and credit products. These are things that few others are doing in the same way. Our team is incredibly excited to be able to bring all our passion to bear on delivering more of this kind of innovation to Canadian investors.”
