Sprott Asset Management LP promotes Eric Nuttall to Lead Portfolio Manager for Sprott Energy Fund and Eric Sprott transitions to

TORONTO, Nov. 8 /CNW/ -- 
TORONTO, Nov. 8 /CNW/ - Sprott Asset Management LP ("Sprott") announced
 today that Eric Nuttall will assume the role of lead portfolio manager
 for Sprott Energy Fund.  Eric Sprott will continue to be part of the
 Fund's portfolio management team, supporting Mr. Nuttall in the role of
 Advisor.


The appointment of Eric Nuttall from co-manager to lead manager is in
 recognition of his expertise in the energy sector and his successful
 investment contributions to Sprott's family of funds. "At Sprott Asset
 Management, we pride ourselves on hiring and developing the best
 investment talent and Eric Nuttall is a great example of how we develop
 talent from within our organization. Our investors should feel very
 confident with Eric Nuttall becoming lead portfolio manager on the
 Fund", says Eric Sprott, CEO and CIO of Sprott Asset Management.


Eric Nuttall joined Sprott Asset Management in February 2003. Over his
 nearly eight years with Sprott, he has primarily focused on the oil and
 gas sector, and has been responsible for selecting many of the top
 performing stocks in the sector. He also supports the rest of the
 Sprott portfolio management team by identifying oil and gas investment
 opportunities. His insight into emerging unconventional energy
 discoveries has been covered in several financial publications such as
 The Wall Street Journal Asia and Barron's.


Mr. Nuttall joined Sprott as a research associate and was subsequently
 promoted to the position of research analyst in 2005, associate
 portfolio manager in 2008 and then to portfolio manager in January
 2010.  In March of this year, Mr. Nuttall was made co-manager of Sprott
 Energy Fund. In addition, he is co-manager of Sprott 2010 Flow-Through
 Limited Partnership with Allan Jacobs. 


Mr. Nuttall graduated with high honours from Carleton University with an
 Honours Bachelor of International Business.



Sprott Asset Management LP (www.sprott.com), together with its
 affiliates and related entities, provides management and investment
 advisory services to many entities, including the Sprott Mutual Funds,
 the Sprott Hedge Funds, the Sprott Offshore Funds, the Sprott
 discretionary managed accounts, and management of certain companies,
 such as Sprott Resource Corp. 

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