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.
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
ISSN: 2151-1845 / CDC10004H
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