TORONTO,
Jan. 13 /PRNewswire/ - Sprott Asset
Management LP ("Sprott") is pleased to announce outstanding
performance results for its investors in 2010. Despite a volatile
and challenging investment environment, nearly all of Sprott's
equity and hedge funds outperformed their respective benchmark
indexes in 2010, many by a significant margin. For the year,
more than 98% of Sprott's equity and hedge fund Assets Under
Management outperformed their benchmarks.
Of the Sprott funds, eleven generated returns
greater than 30% during the year, four of which earned returns in
excess of 50%. The Sprott Gold & Precious Minerals Fund was the
top performer in 2010 with a return of 74.73%, while the Sprott
Canadian Equity Fund delivered a return of 57.55%, and the Sprott
Small Cap Equity Fund and Sprott Small Cap Hedge Fund returned
50.32% and 50.27%, respectively.
Sprott's longer-term track records are even more
impressive. The 10-year cumulative return to December 31, 2010 for the Sprott Canadian Equity
Fund was 678%, compared to 89% for the S&P/TSX Composite Total
Return Index. Over the same time period, the Sprott Hedge Fund LP
generated a cumulative return of 713%, compared to -37% for the
S&P 500 Total Return Index in Canadian dollars.
"We are extremely pleased with the performance
delivered by Sprott Asset Management's investment managers in 2010.
We have an outstanding team, comprised of independent thinkers,
united by a common goal - delivering superior long-term returns to
our investors," said Peter
Grosskopf, Chief Executive Officer of Sprott Inc. "During
the year, we added to the team in order to provide our investors
with a wider range of investment options, and we are very proud of
the broad and deep group contributing to these outstanding
results."
Sprott's best-in-class managers and unique funds
are increasingly being recognized in the marketplace for their
ability to outperform their peers. Recently, Sprott Capital Hedge
LP was named "Fund of the Year" at the 2010 AR Awards, one of the
hedge fund industry's most prestigious awards celebrations.
Sprott Funds - 2010 Performance Highlights,
Series A
|
Fund
Performance
2010 |
Benchmark Index
Performance
2010 |
Outperformance
in 2010 |
Mutual Funds
|
Sprott Canadian Equity Fund |
57.55% |
17.61%1 |
39.94% |
Sprott Gold & Precious Minerals Fund |
74.73% |
25.94%2 |
48.79% |
Sprott Small Cap Equity Fund |
50.32% |
35.10%3 |
15.22% |
Sprott Energy Fund |
32.65% |
11.71%4 |
20.94% |
Sprott All Cap Fund |
30.78% |
17.61%1 |
13.17% |
Hedge Funds
|
Sprott Hedge Fund LP |
41.22% |
6.99%5 |
34.23% |
Sprott Hedge Fund LP II |
38.42% |
6.99%5 |
31.43% |
Sprott Bull/Bear RSP Fund |
36.90% |
6.99%5 |
29.91% |
Sprott Small Cap Hedge Fund |
50.27% |
35.10%3 |
15.17% |
Sprott Mutual Funds - Performance Summary,
Series A
Mutual Funds |
1-YR |
2-YR |
3-YR |
5-YR |
10-YR |
Annualized
Since
Inception |
Cumulative
Since
Inception |
Sprott Canadian Equity Fund |
57.55% |
46.36% |
6.44% |
13.88% |
22.77% |
22.29% |
1344.66% |
S&P/TSX Composite TR Index |
17.61% |
26.03% |
2.09% |
6.51% |
6.57% |
7.27% |
153.67% |
Added Value |
39.94% |
20.33% |
4.35% |
7.37% |
16.20% |
15.02% |
1190.99% |
|
Sprott Gold & Precious Minerals Fund |
74.73% |
93.29% |
23.46% |
19.69% |
N/A |
27.17% |
797.67% |
S&P/TSX Global Gold Index |
25.94% |
16.04% |
10.70% |
10.81% |
N/A |
13.20% |
210.31% |
Added Value |
48.79% |
77.25% |
12.76% |
8.88% |
N/A |
13.97% |
587.36% |
|
Sprott Small Cap Equity Fund |
50.32% |
62.66% |
7.44% |
N/A |
N/A |
9.25% |
34.60% |
S&P/TSX Small Cap TR Index |
35.10% |
48.11% |
6.14% |
N/A |
N/A |
5.21% |
18.59% |
Added Value |
15.22% |
14.55% |
1.30% |
N/A |
N/A |
4.04% |
16.01% |
|
Sprott Energy Fund |
32.65% |
52.82% |
-6.05% |
0.74% |
N/A |
12.27% |
117.55% |
S&P/TSX Capped Energy TR Index |
11.71% |
25.74% |
0.51% |
3.32% |
N/A |
12.69% |
123.09% |
Added Value |
20.94% |
27.08% |
-6.56% |
-2.58% |
N/A |
-0.42% |
-5.54% |
|
Sprott All Cap Fund |
30.78% |
24.61% |
N/A |
N/A |
N/A |
17.01% |
43.18% |
S&P/TSX Composite TR Index |
17.61% |
26.03% |
N/A |
N/A |
N/A |
8.21% |
19.77% |
Added Value |
13.17% |
-1.42% |
N/A |
N/A |
N/A |
8.80% |
23.41% |
1 S&P/TSX Composite Total Return Index
2 S&P/TSX Global Gold Index
3 S&P/TSX Small Cap Total Return Index
4 S&P/TSX Capped Energy Index
5 S&P 500 Total Return Index in Canadian
dollars
Sprott Hedge Funds - Performance Summary,
Series A
Hedge Funds
|
1-YR |
2-YR
|
3-YR |
5-YR |
10-YR |
Annualized
Since Inception |
Cumulative
Since Inception |
Sprott Hedge I LP |
41.22% |
20.26% |
11.42% |
16.55% |
23.31% |
23.68% |
765.51% |
S&P 500 (CAD) |
6.99% |
6.83% |
-4.84% |
-2.87% |
-4.48% |
-5.36% |
-42.82% |
Added Value |
34.23% |
13.43% |
16.26% |
19.42% |
27.79% |
29.04% |
808.32% |
|
Sprott Hedge II LP |
38.42% |
17.27% |
13.43% |
16.96% |
N/A |
12.20% |
161.28% |
S&P 500 (CAD) |
6.99% |
6.83% |
-4.84% |
-2.87% |
N/A |
-1.54% |
-12.12% |
Added Value |
31.43% |
10.44% |
18.27% |
19.83% |
N/A |
13.74% |
173.40% |
|
Sprott Bull/Bear Fund |
36.90% |
17.20% |
14.11% |
17.81% |
N/A |
15.02% |
212.33% |
S&P 500 (CAD) |
6.99% |
6.83% |
-4.84% |
-2.87% |
N/A |
-1.28% |
-9.99% |
Added Value |
29.91% |
10.37% |
18.95% |
20.68% |
N/A |
16.30% |
222.32% |
|
Sprott Small Cap Hedge LP |
50.27% |
63.53% |
9.51% |
N/A |
N/A |
12.94% |
61.08% |
S&P/TSX Small Cap TR Index |
35.10% |
48.11% |
6.14% |
N/A |
N/A |
4.51% |
18.88% |
Added Value |
15.17% |
15.42% |
3.37% |
N/A |
N/A |
8.43% |
42.20% |
About Sprott Asset Management LP
Sprott Asset Management LP (www.sprott.com), a
wholly owned subsidiary of Sprott Inc. (www.sprottinc.com), is a
fund company dedicated to achieving superior returns for its
investors over time. Sprott Asset Management LP manages assets
primarily for institutions, endowments and high net worth
individuals and is the investment manager of the Sprott Funds.
Commissions, trailing commissions, management fees and expenses all
may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual Funds are not guaranteed, their
values change frequently and past performance may not be repeated.
The information contained herein does not constitute an offer or
solicitation by anyone in the United
States or in any other jurisdiction in which such an offer
or solicitation is not authorized or to any person to whom it is
unlawful to make such an offer or solicitation. Prospective
investors should consult their financial advisor to determine if
these Funds may be sold in their jurisdiction.
SOURCE Sprott Inc.
Copyright . 13 PR Newswire