Toronto-based SPR & Co LP, the company created to assume portfolio management of the Canadian diversified asset business of Sprott Asset Management LP (SAM), has been re-named Ninepoint Partners LP, the company announced Monday.
The rebranding completes the transition initiated with the Aug. 1 management-led buyout of the diversified asset business from Sprott Inc.
“We’re excited about the launch of Ninepoint Partners,” says James Fox, co-managing director of Ninepoint Partners, in a statement. “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.”
Ninepoint Partners has assumed portfolio management of the Canadian diversified assets of 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.