John Wilson Named Lead Manager of Sprott Opportunities Funds

    




 TORONTO, Feb. 27, 2012 /CNW/ - Sprott Asset Management LP ("Sprott")  today announced that, effective immediately, John Wilson has assumed  lead portfolio management responsibilities for Sprott Opportunities  Hedge LP and Sprott Opportunities RSP Fund ("the Funds"). 

 "John is an experienced manager of long-short strategies with a unique  track record of delivering strong risk-adjusted returns to investors,"  said Peter Grosskopf, CEO of Sprott Inc. "We welcome his addition to  the Sprott Opportunities team." 

 Mr. Wilson recently joined Sprott in the position of Senior Portfolio  Manager. He will continue to manage the Funds as opportunistic, "go  anywhere" long-short strategies. Mr. Wilson's goal will be to deliver  strong risk-adjusted returns by investing in undervalued stocks,  shorting overvalued stocks with near term catalysts for revaluation,  and opportunistically using options-based strategies to enhance income  generation and to manage downside risk for investors. Mr. Wilson will  also leverage the expertise of Sprott's industry-leading investment  team and highly-regarded research professionals. 

 John Wilson joined Sprott in January 2012 and has over 25 years of  investment and business experience. Most recently, Mr. Wilson was Chief  Investment Officer of Cumberland Private Wealth Management. Previously,  he was the founder of DDX Capital Partners, an alternative investment  manager. Prior to that, Mr. Wilson was Managing Director and a  top-rated technology analyst at RBC Capital Markets; and previously, a  Director at UBS Canada. He is an MBA graduate of The Wharton School,  University of Pennsylvania. 

 About Sprott Asset Management LP  

 Sprott Asset Management LP, a wholly owned subsidiary of Sprott Inc., is  an investment manager dedicated to achieving outstanding returns for  its investors over the long-term. With a history dating back to 1981,  Sprott has a team of leading investment professionals that think  independently and have the courage to act on their convictions. Our  clients include individual and high-net-worth investors, institutions  and endowments. Please visit us at www.sprott.com to learn more about our award-winning investment professionals and  their market insights. 

 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. 

Sprott Asset Management  LP


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