pcJ News Briefs – SPR & Co LP, the company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management LP, has been renamed as Ninepoint Partners LP.
On August 1, 2017, SPR & Co. LP, an entity controlled by John Wilson and James Fox, acquired Canadian diversified asset management contracts from Sprott Inc. (TSX: SII) for $46.3 million.
photo credit: Ninepoint Partners LP
FORMER MANAGEMENT TEAM OF SPROTT ASSET MANAGEMENT LAUNCH NINEPOINT PARTNERS LP
Name change represents final stage of management‐led buyout of diversified assets business
Toronto, ON September 25, 2017 – Effective today, SPR & Co LP, the company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management LP, has been re‐named Ninepoint Partners LP. The rebranding completes the transition initiated with the August 1, 2017 management‐led buyout of the diversified asset business from Sprott Inc.
“We’re excited about the launch of Ninepoint Partners,” says James Fox, Managing Partner of Ninepoint Partners. “Our plan is to continue managing as well as developing investment products that address some of the bigger portfolio challenges that investors face, like finding yield and adding meaningful diversification to a portfolio.”
“We are thrilled to be launching our newly named business with a brand that truly speaks to who we are and what we do,” says Managing Partner of Ninepoint Partners, John Wilson. “As a team, we have a long track‐record of managing alternative income, real assets, and diversified core strategies. Innovative thinking, and our ability to apply it to real‐world solutions, is what defines us.”
About Ninepoint Partners
Ninepoint Partners is an independent investment manager committed to adding value to investors’ portfolios while helping to differentiate advisors’ businesses.
Based in Toronto, Ninepoint Partners has assumed portfolio management of the Canadian diversified assets of Sprott Asset Management (SAM), including actively managed hedge and mutual funds, while also offering leading resource and precious metals strategies through an exclusive sub‐advisory relationship with SAM. The new firm oversees approximately $3 billion in assets under management. The Ninepoint name is derived from the “nine point puzzle”, where four, continuous straight lines are used to connect all nine points of a 3×3 grid. The only way to solve the puzzle is to draw “outside the box”.
Please visit www.ninepoint.com to learn more.
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