Eric Sprott, survivalist

Mon Jun 2, 2008


A gold bug and peak oil proponent, top Canadian fund manager Eric Sprott foresees a secular bear market. But despite making a bundle on his commodities bets, Sprott's share price has been on the wane following its recent IPO.


The top Canadian fund manager foresees a secular bear market and has profited from the commodities boom, but his firm's newly minted shares have fallen

By Barry Cohen

Eric Sprott, chief executive of Sprott Asset Management, has been called a gold bug and a peak-oil proponent. But the 63-year-old Canadian hedge fund manager goes further, describing himself as a "survivalist," with his predictions of a global bear market, widespread financial meltdown and looming shortages in everything from copper to zinc.

"After talking with Eric about the dire state of the world, you want to down a whiskey and take a Prozac," says Cameron Richards, chief investment officer of Keel Capital Management, one of Sprott's earliest investors.

In the eight years since launching his $6.9 billion firm - which includes $2.75 billion in 5 hedge fund strategies, making it the leading hedge fund manager in Canada - Sprott's dismal predictions have...

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