The Sprott Absolute Return Income Fund is set to launch August 31 and will managed by Scott Colbourne.
(Courtesy of Sprott, Inc.)
Scott Colbourne, an award-winning bond investor hired this spring, will be the lead manager for the fund and two other fixed-income mutual funds for Sprott.
Sprott is expanding after its other hedge funds have posted big returns. As of June 30, the Sprott Hedge Fund LP I, managed by founder and chief executive Eric Sprott, is up 7.2%