The Federation of National Specialty Societies of Canada (FNSSC) and Sprott Asset Management Inc. have formed a strategic relationship, the organizations announced Wednesday.

FNSSC and Sprott also announced the upcoming launch of the FNSSC-Multi Manager Fund on April 2. Offered exclusively to all Canadian medical and surgical specialists and their families, the objective of the fund will be to provide long-term capital growth in a diversified approach by investing in five of Sprott’s existing mutual funds.

The fund will be an open-ended mutual fund trust and will launch at $10 per unit with a minimum initial investment requirement of $5,000. It is expected to be eligible for registered tax plans, including tax-free savings accounts, and will be managed by the Sprott investment team.

“We are delighted to partner with FNSSC in the creation of unique investment opportunities for the Canadian specialist community,” said Eric Sprott, CEO and portfolio manager of Sprott.


“We believe our partnering with SAM will improve the universe of investment options for Canadian specialists while creating revenue generating opportunities for FNSSC and our member societies,” said Dr. Morris Freedman, president of FNSSC.

“I’m pleased to let specialists know that the development of the FNSSC-Multi Manager Hedge Fund, a fund of Sprott’s hedge funds, is already underway and we look forward to announcing the details of its launch in the coming months,” Freedman added.

FNSSC is a network of national specialty societies, incorporated in 2004. Providing an independent and collective voice for specialty medicine on issues of pan-Canadian importance.

IE